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First American understands that hospitals, clinics, and medical research facilities have unique equipment and budgetary challenges. First American has extensive experience arranging leases for complex computer hardware and software projects, consulting services, telemetry projects, office furniture and equipment and more. First American specializes in projects involving multiple suppliers with varied installation schedules.
Leasing provides healthcare institutions with financing that matches the useful life of the equipment better than traditional or bond financing. Leases also provide greater flexibility at the end of the lease term, and allow you to easily make upgrades, additions, and modifications to the leased equipment, or simply return it. Leasing is the ideal way to protect against technology obsolescence. Leasing allows you to lock in your rate, eliminating the risk of rising market rates. A lease line can be established that is separate from your institution’s cash management facilities, and has little or no impact on your balance sheet or existing debt covenants.
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