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MassDevelopment $2.5 Million Lease Helps Emerson Hospital Buy IT Equipment

Mar 18, 2013 | Reprints | Unlock Link | Print

MassDevelopment recently issued a $2.5 million tax-exempt lease on behalf of Concord-headquartered Emerson Hospital to buy information technology equipment, fetal monitors, instrument container system and patient beds.

The lease will also finance related renovations. RBS Asset Finance purchased the lease.

"As technology in the medical field rapidly changes, MassDevelopment’s tax-exempt leases offer flexible financing options for health care providers," MassDevelopment President and CEO Marty Jones said in a statement. "This financing will help Emerson improve its high-quality health care provided to its patients."

"This lease enables the hospital to provide ‘Premium Care with a Personal Touch’ to the thousands of area residents who rely on Emerson for advanced, high-quality care," Christine Schuster, Emerson Hospital president and CEO, said in the statement.

Commercial & Industrial