Wheeler Financial from Pitney Bowes Helps Compass Medical Expand Hematology and Chemistry Services
June 24 2020 - 8:00AM
Business Wire
Pitney Bowes Inc. (NYSE: PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing and financial services, today announced that Wheeler
Financial from Pitney Bowes has closed a financing transaction with
Compass Medical, an affiliate of Steward Healthcare System. The
physician-owned and directed healthcare organization will invest in
medical equipment and software to deliver exceptional medicine and
compassionate care to patients across Southeast Massachusetts.
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Founded over 25 years ago, Compass Medical is one of the leading
healthcare providers in the region, its growth accelerated by its
partnership with Steward Healthcare System. With a firm commitment
to delivering an exceptional clinical experience, Compass Medical
identified the need for investment in technology and software,
specifically in the areas of chemistry and hematology. Wheeler
Financial from Pitney Bowes financed this investment, with a
transaction customized to suit the company and its investment
strategy.
“We selected Wheeler Financial after reviewing a group of
different lenders to partner with. Not only were they responsive
and efficient, they also worked hard to customize the terms of the
transaction to suit our requirements,” said Brian McKenna, Director
of Ancillary Services, Compass Medical. “Knowing we have the
support of a robust lender helps us build a solid foundation for
current and future investment.”
“Larger banks tend to take a ‘one size fits all’ approach to
lending but this just doesn’t suit many of America’s smaller
businesses, particularly in the current economic climate,” said
Christopher Johnson, Senior Vice President and President, Pitney
Bowes Financial Services. “Main Street needs a lender that
understands each business’ unique and individual characteristics
and adapts their lending terms to fit. At Wheeler Financial from
Pitney Bowes, we have industry experts that take time building
relationships with their clients, so they can provide them with
both the capital and terms they need to flourish.”
About Wheeler Financial from Pitney Bowes
Wheeler Financial from Pitney Bowes is a subsidiary of the
Pitney Bowes Bank, Inc., Member FDIC, dedicated to helping small to
lower middle market clients acquire the critical assets they need
to grow and expand their business with innovative financing
solutions. The Pitney Bowes Bank, together with Pitney Bowes, has
been financing Pitney Bowes equipment for over 20 years. Our
expansion into helping our clients finance other purchases reflect
our continued commitment to helping our customers grow efficiently
and effectively.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; and financing. For 100 years Pitney Bowes has
been innovating and delivering technologies that remove the
complexity of getting commerce transactions precisely right. For
additional information visit Pitney Bowes, the Craftsmen of
Commerce, at www.pitneybowes.com.
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John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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