
Spectrum Diagnostic Imaging announces completion of a $5.2 million equipment financing facility with MarCap
Cleveland, Ohio - January 17, 2006 - Spectrum Diagnostic Imaging announced it has concluded a $5.2 million equipment financing agreement with MarCap Corporation, a leading healthcare financing company headquartered in Chicago. Spectrum will use the financing to fund the purchase of new diagnostic imaging equipment for its Cleveland area locations.
"We are pleased to announce the signing of this financing arrangement with MarCap," says Richard J. Kampa, Chairman and Chief Executive Officer of Spectrum. "MarCap is a clear leader in healthcare financing, and I could not be more pleased having them as our partner. I am confident that Spectrum’s relationship with MarCap positions us to deliver the best in outpatient radiology today and in the future."
Added Ron L. Clark, President and Chief Operating Officer of Spectrum, "The MarCap financing allows Spectrum to make good on its commitment to improving its technology and services, starting right here in Cleveland."
Spectrum plans to install two new 1.5T high-field MRI units, one at its Eastside center and one at Westside, each equipped with the latest technology including cardiac and breast imaging capabilities. In addition, Spectrum plans to add several new multi-slice spiral CT units across its Cleveland network and upgrade or replace numerous other mammography, ultrasound and x-ray units. "These expenditures will ensure that Spectrum will provide the highest quality of care to our patients and referring physicians in a comfortable and convenient outpatient setting," says Clark.
About Spectrum Imaging
Spectrum Diagnostic Imaging operates 16 outpatient radiology imaging centers in Cleveland, Chicago, Pittsburgh and South Florida, employing over 250 people with 11 affiliated radiologists. The company offers diagnostic imaging services to patients and referring physicians including MRI, CT, nuclear medicine, ultrasound, mammography, fluoroscopy, bone density and x-ray in a patient-friendly outpatient setting.
About MarCap Corporation
With more than 30 years of healthcare financing experience, MarCap is a leader in providing financing for diagnostic imaging centers, ambulatory surgery centers, specialty care centers and hospitals. MarCap offers creative, flexible financing programs, including limited and non-recourse financing. Through a consultative approach and friendly customer experience, MarCap helps build better healthcare business.
MarCap is a member of The Marmon Group of companies, an international association of more than 100 companies that operate independently within diverse business sectors. Member companies have collective sales of approximately $6 billion.
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