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COVID-19 Testing Center Turns to NFS Leasing for $2MM in Equipment Financing

September 23, 2020, 07:22 AM
Filed Under: Industry News
Related: COVID-19, NFS Leasing

NFS Leasing, Inc. established a new partnership with COLA, CLIA and CDC certified laboratory, Premier Medical Laboratory Services (PMLS). The equipment finance agreement totaling just over $2 Million would fill an immediate need for PMLS as it faced increased volume due to COVID-19.
PMLS is an award-winning laboratory headquartered in Greenville, SC. Focused on providing clinically meaningful results to medical practitioners, PMLS offers highly specialized tests, including advanced cardiovascular testing, hereditary cancer screening, the first of its kind predictive genetic test for type 2 diabetes and COVID-19 testing spanning from PCR tests to serology tests. COVID-19 caused a sudden increase in demand, requiring PMLS to face an immediate need for new equipment. Partnering with NFS Leasing allowed PMLS to obtain the equipment and meet demand successfully and quickly.

“Testing requirements and demands have obviously increased because of COVID,” said Rich Vassallo, Vice President of Business Development at NFS Leasing. “Here at NFS we are accustomed to fast-moving agreements and when demand increases so quickly and businesses need to adjust, we will be ready to help them finance their equipment needs.”

“COVID has put a burden on many businesses throughout the country. PMLS is fortunate to be in an industry that could assist in the pandemic and needed to react quickly,” said Kevin Murdock, CEO of Premier Medical Laboratory Services. “We would not have been able to meet efficiency and productivity standards without equipment financing from NFS. They helped us move quickly to ensure that tests would be processed and reported to customers accurately and on schedule.”

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