The medical equipment financing and leasing market has seen its share of change in the past year — change that is still continuing to affect the dynamics of the market.A variety of factors have conspired to transform the market for those seeking to purchase medical equipment.

“The industry is in a state of flux due to four factors: consolidation — Copelco into CitiCapital, CIT into Tyco, as examples; bankruptcy [Comdisco and Finova]; the effects of Sept. 11th; and the effects of Enron,” explains Terry Gill, vice president of leasing, MarCap Corp., Chicago.

The various bankruptcies, liquidations and consolidations have changed the scene of financing and leasing. Comdisco, Finova, Copelco, Heller Financial, Linc Capital, AT&T Credit, Newcourt Credit, and Tyco all have undergone changes which have tightened the market. There are fewer players now, but the changes aren’t necessarily bad — some are surely for the better.

“While the healthcare industry itself is generally in better shape than it has been in years, the financing sources that serve this industry continue to go through a tremendous period of consolidation,” states Dennis Lordon, vice president and general manager, CIT Healthcare Finances Unit, Lawrenceville, N.J. “There are a lot fewer financing sources today than there were two years, or even one year ago.”

Please refer to the April 2002 issue for the complete story. For information on article reprints, contact Martin St. Denis