Healthcare Equipment Financing

Financial strategies for the healthcare industry

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At Wells Fargo Equipment Finance, we're committed to the success of your healthcare company. We take the time to understand your business needs and goals and focus on building strong, long-term relationships so that we can support your business now and for years to come.

Equipment financing

Our customized loans, leases, lines of credit, and tax-exempt financing options can help you purchase the equipment, tenant improvements, and technology that are critical to your ability to remain competitive without sacrificing your cash flow or bottom line. Whether you are planning for a complex expansion, upgrading your equipment, or implementing a new EHR system, we can help. We offer:

  • Financing up to 100 percent of equipment cost and related tenant improvements
  • Capital and operating leases with off-balance sheet options
  • Loans, lines of credit, and tax-exempt financing
  • Terms up to 10 years
  • Step-up monthly payment structures
  • Rate locks on fixed or floating interest rates
  • Pro rata and corporate guaranties
  • Financing for complex expansion projects, equipment acquisitions, and new technology, including EHR
  • Equipment manufacturer and software provider vendor finance programs, from referral-only to portfolio purchase program

We provide financing for a variety of healthcare organizations, including:

  • Health systems and hospitals
  • Ambulatory surgery centers
  • Hospital and physician joint ventures
  • Oncology facilities
  • Imaging centers
  • Physician groups

From EMRs to MRIs to linear accelerators and HVAC systems, we can help you purchase or lease the medical equipment you depend on.

Physician practice revenues rise under Affordable Care Act

Fierce Health Finance, October 1, 2015

"Physician practices are enjoying a windfall from the Affordable Care Act (ACA), with many of them collecting a little more revenue since the healthcare reform law went into effect, according to a new issue brief from the Robert Wood Johnson Foundation (RWJF)."

Thousands of critical medical devices open to attack

Fierce Health IT, September 30, 2015

"Medical devices used by healthcare organizations are vulnerable to attack and left exposed online--thousands of them, according to security researchers."

Medical practices spent 34% more on healthcare technology in 2014, report says

Healthcare Finance, September 25, 2015

"Uptick due to the federal meaningful use program and its mandate to switch to digital records."

The ASC industry won't be the same: 2 significant changes slowly gaining momentum

Becker's Hospital Review, September 03, 2015

"What is the biggest change on the horizon for ASCs? How can ASC owners and operators overcome the challenges and prepare for the future?"

Final ICD-10 Test Results Plateau

HFMA, August 28, 2015

"Results for the final round of preparedness testing for the ICD-10 code set switch showed stagnant acceptance rates below the Medicare average."

5 Steps for Shifting to Value-Based Reimbursement in Healthcare

Healthcare Finance, August 27, 2015

"For many healthcare providers, the shift from fee-for-service payments requires a number of strategic and systemic changes."

Experts Warn of 'Too-Big-to-Fail' Hospital Mergers

Health Leaders Media, August 19, 2015

"As many as 20% of hospitals will seek mergers over the next five years, and none of the 306 hospital referral regions in the United States is considered "highly competitive."

ICD-10 aftershocks: 4 challenges every CFO can expect in the wake of go-live

Becker’s Hospital Review, August 19, 2015

"If any individual in the C-suite will feel the effects of ICD-10 most prominently, it will be the hospital CFO."

Wellness centers, no longer hospital gimmicks, become money-making population health engines

Healthcare Finance, August 17, 2015

"Hospital-based wellness centers, once seen as marketing tools for innovative health systems, have become a major part of a hospital's population health management program in the era of quality over quantity of care."

Medicare's voluntary bundled payment program grows by 2,100

Becker’s Hospital Review, August 14, 2015

"CMS announced Thursday that more than 2,100 acute care hospitals, skilled nursing facilities, physician group practices, long-term care hospitals, inpatient rehabilitation facilities and home health agencies transitioned from a preparatory period to a risk-bearing implementation period in which they assumed financial risk for episodes of care."

Helpful links

Whether you’re planning an expansion of your facility or seeking to upgrade your technology, our experienced medical equipment specialists will work with you to tailor an equipment strategy that meets your needs.

Michael Heil | Peter Myhre | Brad Stern | Roman Slobodynskyj | Barbara Miller | Rick Riley | Kurt Henning | Cheryl Ramon | Floyd Weiss | Cheryl Cohen | Julie Dey

Michael Heil

Senior Vice President and National Sales Manager

Based in Minneapolis, Mike leads a team of sales, documentation, credit, and underwriting officers who specialize in providing healthcare equipment finance strategies. Mike has been with Wells Fargo since 1996.

612-667-5418 |

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Peter Myhre

Senior Vice President and Specialty Markets Manager

Also based in Minneapolis, Peter has years of experience in the healthcare finance industry and is a frequent speaker for the Equipment Lease and Finance Association and healthcare conferences.

612-667-0295 |

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Brad Stern

Colorado, Nebraska, Iowa, Illinois, Indiana, Ohio, Kansas, Missouri, Kentucky

Based in Buffalo Grove, IL, Brad has more than 25 years of experience. Before Wells Fargo, he was a VP at MarCap, providing equipment and project financing to healthcare companies.

847-215-8644 |

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Roman Slobodynskyj

California, Hawaii, Utah, Nevada, Arizona

Based in Laguna Niguel, CA, Roman has been working in the industry for more than 15 years. In his previous role at CIT Healthcare, he managed all equipment financing and marketing.

949-495-4811 |

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Barbara Miller

Pennsylvania, Virginia, West Virginia, North Carolina, South New Jersey, Delaware, Maryland

Based in Exton, PA, Barbara has spent more than 35 years in the healthcare finance industry. She’s also worked for a medical systems manufacturer and as a radiological technologist.

610-594-2751 |

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Rick Riley

North Dakota, South Dakota, Minnesota, Wisconsin, Michigan

Based in Oconomowoc, WI Rick has spent 20 years working in equipment financing, with previous work at GE Capital Healthcare Financial Services, where he implemented taxable and tax-exempt lease and loan financing.

262-232-4317 |

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Kurt Henning

Tennessee, Mississippi, Alabama, Georgia, South Carolina, Florida

Based in Norcross, Ga., Kurt is a 30-year industry veteran. Prior to joining Wells Fargo, he was a VP at Siemens Financial Service, originating healthcare-related real estate and equipment loans and tax-exempt private placement bonds.

404-661-6819 |

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Cheryl Ramon

Washington, Oregon, Idaho, Montana, Wyoming, Alaska

Based in Seattle, Cheryl is also a 30-year industry veteran, having served previously as VP of Healthcare Finance for PNC Equipment Finance, and VP at Citigroup Healthcare and Energy Finance.

206-829-8797 |

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Floyd Weiss

Oklahoma, Texas, Arkansas, Louisiana

Another 30-year veteran, Floyd is based in Dallas, TX. New to Wells Fargo, Floyd was previously the CEO of Starlight Capital Markets, and before that served as SVP of Fleet Healthcare Finance.

214-740-1315 |

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Cheryl Cohen

Central and North New Jersey, New York, Connecticut, Massachusetts, Rhode Island, New Hampshire, Vermont, Maine

Based in New Jersey, Cheryl has served as CFO of a hospital and finance director for an HMO. She has more than 25 years of experience in healthcare finance, and is an HFMA Fellow.

609-259-3363 |

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Julie Dey

Account Manager

Based in Minneapolis, Julie serves as the internal contact and primary backup to each of the healthcare group territory managers listed here. She has been with Wells Fargo for eight years.

612-667-1674 |

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Comprehensive relationship management 

At Wells Fargo, your healthcare relationship team brings creative ideas, insights, and strategies to help your business grow and run more efficiently, and to help you reduce expenses and risk. We connect you to industry-specific specialist across Wells Fargo who can help you with a variety of products and services: