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.