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Boston Financial Closes Lease for $600,000

April 25, 2024, 07:05 AM
Filed Under: Healthcare

Boston Financial & Equity Corp has closed a lease for $600,000 for a healthcare technology service company. The company has raised $85 million in equity and recently closed a $20 million ABL line. They provide a service that monitors patients that have been released from a point of care. Remote Patient care has existed for many years; however, the Affordable Care Act has made the utilization of this service and technology to be of a greater need by hospitals. The company is not yet profitable and has a cash burn but is expecting to be cash flow positive by 2025. The equipment leased is integral to their operations and service to patients.

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