View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Asset-based Lending
February 20, 2015updated 12 Apr 2017 3:54pm

GE provides £6m leasing facility to BMI Healthcare

GE Capital has provided a £6m (€8.14m) structured leasing facility to BMI Healthcare, a private hospital operator in the UK.

By Brian Cantwell

GE Capital has provided a £6m (€8.14m) structured leasing facility to BMI Healthcare, a private hospital operator in the UK.

The hospitals in receipt of new equipment are: The Alexandra Hospital in Cheadle (Cheshire), The Chiltern Hospital in Great Missenden (Buckinghamshire), Bath Clinic (Somerset), Ross Hall Hospital in Glasgow, Thornbury Hospital in Sheffield (South Yorkshire), and The Highfield Hospital in Rochdale (Lancashire). Over half of the equipment has been ordered from GE Capital’s sister company GE Healthcare.

BMI Healthcare provides treatment to NHS, privately insured and self-pay patients in 58 locations across the UK. The funding has been used in full to bring the latest MRI and CT diagnostic imaging technology to the six hospitals and improve diagnostic services for thousands of patients.

Jeremy Knight, head of healthcare finance at GE Capital UK, said: "BMI’s decision to fund its new equipment through leasing is reflective of a wider market trend we are seeing away from outright purchase. The need to improve productivity and efficiency are the key drivers in these types of investment decisions but finding a way to replace expensive deteriorating equipment in the most cost-effective way can be a headache.

"Structured leasing not only offers immediate savings and a boost in productivity but it also lowers maintenance costs and allows more frequent upgrades of equipment to maximise operational performance over time."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life