Boston Financial recently funded a $2 million equipment lease with a partner. The lessee, a long-term acute care hospital operating in over 25 states, was referred to us by a vendor finance company. They were maxed out with this client and wanted no more risk for non-vendor equipment located at the specialty hospitals. The cuts to Medicare and Medicaid, as well as higher labor cost in hospitals, loomed large in their risk assessment. 

Our decision to lease to them was based on the use/need of the equipment (ventilators in mainly metro cities) and limited exposure to Medicare/Medicaid patients with slowly improving operational performance since restructuring in 2022. The $2 million was a participation with equal assets.