TIAA Bank, GE HealthCare Extend Vendor Equipment Financing Agreement

March 09, 2023, 07:19 AM

Filed Under: Program Agreements

Related: Ellen Comeaux, GE Healthcare, Justin Tabone, TIAA Bank

Building on a highly successful program launched in 2018, TIAA Bank and GE HealthCare announced they have signed an extension to their vendor equipment finance agreement that delivers innovative financing solutions for GE HealthCare's U.S. customers.

Under the terms of the extension, TIAA Bank and GE HealthCare teams will continue to work together to originate and service healthcare finance transactions for at least the next two years. The companies have collaborated closely for several years to provide financing for critical technologies, such as imaging, monitoring, respiratory, surgical, ultrasound and lab equipment.

TIAA Bank and GE HealthCare have collaborated closely for years to provide financing for critical technologies.

"We're thrilled to continue our equipment financing collaboration with GE HealthCare," said Ellen Comeaux, TIAA Bank's Commercial Division Leader. "Over the years, we've developed deep relationships with the team, and we're excited to continue to move the program forward, providing solutions tailored for GE HealthCare customers."

"All of us at TIAA Bank remain highly committed to providing innovative financing solutions that enable the delivery of best-in-class medical technologies resulting in better patient care," said Justin Tabone, TIAA Bank's Vendor Equipment Finance Origination Leader. "Understanding your customer means everything in this business, and together with GE HealthCare, we've put together a team that works tirelessly to meet customers' unique goals, concerns and financing needs."

TIAA Bank for many years has offered a wide range of commercial banking solutions to its clients, including vendor equipment financing, specialty equipment financing, structured mortgage finance, commercial real estate lending and business banking services. The ongoing agreement with GE HealthCare is a centerpiece of the bank's vendor equipment finance business, bringing to the market TIAA Bank's innovative approach to creating customizable financing solutions in the highly competitive healthcare sector.