Key Equipment Finance and Hitachi Medical Systems America enter new partnership

Key Equipment Finance, one of the nation's largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY) today announced that the company has entered into an exclusive, long term, program agreement with Hitachi Medical Systems America. Hitachi Medical Systems America is the U.S. distributor of Hitachi Medical Corporation's diagnostic imaging products.

The new partnership with Key Equipment Finance will offer innovative equipment financing options to medical facilities interested in obtaining Hitachi MRI, CT and ultrasound equipment. The equipment finance relationship will also enable hospitals and outpatient imaging clinics to take advantage of one stop shopping for diagnostic imaging equipment and financing, as well as conserve cash and take advantage of the tax benefits of equipment leasing.

"We've had a long and successful relationship with Hitachi Medical Systems for many years and we're excited to enter into a more formal relationship with them," said Brian Madison, senior vice president of manufacturer and vendor alliances for Key Equipment Finance. "Hitachi is a global leader in the diagnostic imaging industry, and we look forward to working with them to better meet the needs of customers across the U.S."

To support the program, Key Equipment Finance has hired experienced Hitachi Medical Systems leasing professionals to join the company's existing healthcare team. As a result, Hitachi Medical Systems clients will continue to receive the same level of service from staff members with whom they already have relationships.

"Key Equipment Finance has been our lead funding source and we're pleased to be working with them on a more formal, long-term basis to offer flexible financing solutions to our diagnostic imaging clients," said Don Broomfield, president and CEO of Hitachi Medical Systems. "Key Equipment Finance's leasing experts are well versed in the intricacies of the imaging industry in today's complicated healthcare market, and we look forward to working more closely with them."

SOURCE Key Equipment Finance