Siemens Financial Services (SFS) recently provided a financing package to Pueblo Radiology to support their acquisition of a Siemens SOMATOM® Perspective 64 slice computed tomography (CT) scanner, one of the most advanced medical scanners on the market. This latest financing solution continues a long-standing relationship between Pueblo Radiology and SFS’s Commercial Finance unit, which has provided over $9 million in equipment and construction financing to the Santa Barbara-based medical imaging specialist since 2001. Past equipment financed has included the Siemens MAGNETOM® Symphony MR scanner, the Siemens MAGNETOM® Verio 3T MRI system, and the Siemens Sentinelle™ Breast MRI coil system.

“We’re very careful about the vetting process for any major equipment purchase, and financing is a huge part of the transaction,” says Wayne Baldwin, CEO of Pueblo Radiology. “Our relationship with Siemens from both the financing and equipment side has helped Pueblo to remain competitive in the local market and offer our patients the most advanced diagnostic capabilities available.”

According to new SFS research conducted amongst the top 40 global medical equipment manufacturers, 70% of respondents saw an increasing customer demand for healthcare equipment financing over the past two years. Intensified competition between healthcare providers, budgetary constraints, and the post-recessionary lending environment has contributed to the increased need for private sector financing options.

“In today’s complex healthcare climate, the ability to provide healthcare suppliers such as Pueblo Radiology with tailored financing solutions has enabled Siemens’ clients to improve clinical efficiency and accuracy without jeopardizing their operating expenses or balance sheets,” says Gary Amos, Head of Americas for Commercial Finance at SFS.