Gerrard P. Bushell, President and CEO of the Dormitory Authority of the State of New York (DASNY), announced DASNY and United Health Services Hospitals, Inc. (UHSH) of Binghamton closed on a $10.1 million Tax-Exempt Equipment Lease Program transaction.

The transaction authorizes UHSH to acquire state-of-the-art equipment that will enhance patient care, including a surgical robot, enabling doctors to perform complex procedures with more precision, flexibility and control, as well as electrocardiograph (EKG) equipment, operating room surgical equipment, and respiratory ventilators.

"We are pleased to support our health care partners in the Southern Tier through the use of the Tax-Exempt Equipment Leasing Program (TELP) available through DASNY,” Bushell said. “Every dollar reinvested through TELP provides UHSH the flexibility to ensure their patients receive the best care possible with the most technically advanced equipment available.”

Utilizing TELP, hospitals, universities and other not-for-profit institutions have access to DASNY’s tax-exempt financing to obtain lower interest rates for capital equipment leases. Over the past two years, DASNY executed more than $170 million in low-cost leases through TELP.

“United Health Services Hospitals, Inc. (UHSH) was one of the first hospitals in New York State to use DASNY’s TELP financing,” said James Smith, System Controller of United Health Services Hospitals. “Access to tax-exempt financing through the TELP program allows UHSH to keep up with modern medical technology, which is most important to the people we serve – our patients.”

UHS is the Southern Tier of New York’s largest and most comprehensive provider of healthcare services.