- November 25th 2011
The amount of health care equipment being leased or financed has grown, according to an annual survey of Equipment Leasing and Finance Assn. members.
"There's less demand for equipment in general, but health care is a growing segment of the industry," said Ralph Petta, vice president of research and industry services for the association.
The "2009 Survey of Equipment Finance Activity," released July 14, found that new business in the industry as a whole decreased 2.2%. But the proportion of leasing and financing to the health care sector increased from 8.9%, or $8.2 billion, in 2007 to 9.2%, or $8.6 billion, in 2008.
Medical equipment leasing and financing also grew from 6.3% or $6.3 billion of total annual new business in 2007 to 7.2% or $7.2 billion of new business volume in 2008.
Experts suspect that health care leasing and financing business is growing because, although the sector has not been immune from the recession, it is still faring better than others. Also, healt [Read more]