The partnership facilitates packages of monthly payments which spread the cost over time without the need for a full initial outlay. At end of the agreed term the instrument can be upgraded, bought, or returned, or the term can be extended. The packages include full service cover which helps to minimize potentially costly downtime whilst giving clear visibility of ongoing financial commitments.
Without the need to buy instruments outright and with the option to upgrade, laboratories can use the latest instruments and processes, maintain flexibility, and protect against future obsolescence.
“GE Healthcare’s life science products are supporting scientists in the research, development and manufacturing of new therapeutics. Providing scientists with flexible equipment financing options will make it even easier for them to access the company’s leading technologies,” said John Evans, managing director of international operations at Key Equipment Finance. “We look forward to working closely with GE Healthcare to meet the financing needs of their customers throughout Europe.”
“The agreement with Key Equipment Finance opens a new chapter in our way of doing business” said GE Healthcare European VP of Sales Flemming Carlsen. “By updating existing lab technology via leasing agreements, and being able to regularly replace with new equipment, our customers can access new technology quicker and improve their productivity significantly.”
About GE Healthcare:
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.
Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. The company focuses on four distinct markets:
- businesses of all sizes in the U.S. (from small business to large corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector organizations; and
- lease advisory services for larger structured equipment needs including single investor and leveraged leases, securitizations, and structured debt.
Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $11 billion in assets and originates approximately $3 billion of equipment annually. The company has major management and operations bases in Albany, New York; London, England; Hong Kong, China and Sydney, Australia. The company, which supports clients in over 40 countries, employs approximately 700 people worldwide and has been in the equipment financing business for over 35 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.KEFonline.com or www.KEFonline.eu
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93.3 billion. BusinessWeek magazine named Key the top bank in its Customer Service Champ 2009 edition, ranking Key 11th out of the top-25 companies that include many known for their customer service acumen. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit www.key.com/
Contact
Key Equipment Finance In the U.S. – Tricia Akins T: +1 720 304 1300 In Europe - Martin Oberberger T: +49 6151 9341-115
College Hill Tim Watson, Dimithri Wignarajah T: +44 (0)20 7866 7861 E: ge-proteins@collegehill.com
