Solutions Asset Finance is thrilled to announce a number of recently completed transactions within the private healthcare sector, marking a fantastic start to the new financial year 2021/22.
Since April 2021, SAF’s flexible finance solutions have allowed three healthcare companies – Laborie, BK Medical and Hillrom – to secure payment for order for medical equipment with a combined value of more than £250,000.
SAF worked in close collaboration with each supplier to understand their customer’s financial requirements and any potential constraints from a budget perspective to structure a compelling finance option.
We worked with Laborie, a leading global developer, manufacturer and marketer of innovative medical technology, to develop a bespoke finance package that would enable their end-users, most notably, ROC Health Services, to access new and improved occupational health equipment that would benefit its patients.
Similarly, active imaging specialist, BK Medical also needed SAF’s assistance to facilitate a large financial transaction that would allow for the purchase of fundamental medical equipment on behalf of Springfield Hospital, a private hospital based in Essex that forms part of the Ramsay Health Care Group. Securing orders via flexible finance options allows BK Medical’s customers to benefit from leading medical equipment without compromise due to cost and budget restraints.
These new transactions mark a continuation of collaborative and symbiotic relationships between SAF and both Laborie and BK Medical, with branded finance solutions implemented to ensure that the private healthcare end-users can invest in its equipment without worrying about finding the total cost upfront.
Moving forward, SAF will continue to support Laborie and BK Medical with their asset management needs, as well as offering tailored sales support to its existing teams.
Ranjan Thilagarajah, Lead Consultant Urologist and MD of Essex Urology said: ‘’Having the option to utilise a flexible financial solution presented through BK Medical has been a great way of progressing our equipment order sooner than through an outright capital purchase.
“Managing our cash flow is important and can influence what equipment we buy and when, but a lease solution eliminates the need for compromise and has provided us with a more cost-effective solution, allowing us and our patients to benefit from new equipment and ensure continued growth for the business’’
SAF also worked alongside long-standing supplier, Hillrom, a leading supplier of bariatric equipment. Our most recent transaction has allowed the company to offer its specialist equipment via a flexible hire rate via a structured repayment plan over a set period.
SAF has worked with Hillrom for more than fifteen years and will continue to support both the company and its vast customer database as and when their support is required.
When discussing the new partnerships, Phil Dring, Head of Sales at SAF, said: “It’s fantastic to have kicked off the new financial year with three new transactions under our belt. Two of these were on behalf of new suppliers and we’re confident that this is the beginning of some great new partnerships.
“At SAF, we are well aware of the complex funding processes within the healthcare sector, but we also understand the importance of investing in new and improved equipment to ensure the needs of the end-users are met. That’s why we work closely with our suppliers to implement creative financial solutions that suit everybody involved.”