Med One Group recently announced an eight-figure transaction booked on March 13. This $28 million transaction will benefit 16 healthcare facilities on the East Coast. This custom lease arrangement will allow for needed upgrades during the next two years.

Med One Group has become well-known for its straightforward and responsive approach to leasing by both vendors and lessees. In March, Med One had an opportunity to demonstrate its speed and efficiency when it booked the lease totaling over $28 million. Deals of this size and scope are not uncommon, but typically they don’t come to fruition as quickly as this one did. The first inquiry came to Med One during the last week of February.

This deal with one of the top Integrated Delivery Networks (IDN) in the state of Virginia involves 16 separate lease documents all of which were reviewed and executed by the customer within less than a week of being presented. The assets being leased will provide a major systemwide upgrade to the health system’s pharmacy and supply management system. Implementation of these technology upgrade and cost-saving improvements will take place over the next two years.

The completion of this lease, as with any large transaction, has demanded a high level of schedule creativity, document flexibility and coordinated communication between Med One, its vendor partner and the lessor. The speed at which this deal was booked is due in large part to the close cooperation between each of the parties and ultimately the willingness of a lessor to complete all of the required documentation as quickly as it did.

Robb Stevens, Senior Vice President of Equipment Leasing at Med One, said, “Med One’s key vendor partners have come to appreciate and rely upon Med One’s speed, creativity and efficiency in helping them win deals of all sizes with their customers. By demonstrating these core values, day in and day out, everybody wins.”

For nearly 30 years Med One has been a lessor for healthcare facilities across the country. It is pleased to contribute to technology acquisitions and upgrades that greatly improve the quality of care and address the specific needs of patients. Med One’s unique position in the healthcare sector allows it to finance major capital acquisitions for large health systems with many custom requirements. This provided expertise allowed them to facilitate one of the larger lease deals in the company’s history.