ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Boston Financial & Equity Closes $600K Equipment lease

Posted 04/24/2024

Boston Financial & Equity Corp recently closed a lease for $600,000 for a healthcare technology service company. The company has raised $85 million in equity and recently closed a $20m ABL line. They provide a service that monitors patients that have been released from a point of care. Remote Patient care has existed for many years, however, the Affordable Care Act has made the utilization of this service and technology to be of a greater need by hospitals. The company is not yet profitable and has a cash burn but is expecting to be cash flow positive by 2025.  The equipment leased is integral to their operations and service to patients.

 

Author
Deborah Monosson
Organization
Boston Financial & Equity Corp.
Phone Number
6172672900