United Health Services Hospitals, Inc. (UHSH)

Low Cost Financing Through DASNY Helps Hospitals Save Lives

United Health Services Hospitals, Inc. (UHSH)

Low Cost Financing Through DASNY Helps Hospitals Save Lives

Project: Leasing of Equipment to Wilson Medical Center in Johnson City, Binghamton General Hospital in Binghamton 

DASNY’s Role: Through DASNY’s Tax-Exempt Equipment Leasing Program (TELP), Wilson Medical Center in Johnson City, Binghamton General Hospital in Binghamton acquired a combined $8.8 million in medical equipment. 

Details: In Fiscal 2016, the DASNY Board approved TELP leases for the two Southern Tier hospitals that comprise United Health Services Hospitals, Inc. (UHSH).  

Wilson Medical Center in Johnson City obtained a $2 million CT scanner, digital X-ray equipment and a replacement phone system for its clinic, among other items. Binghamton General Hospital in Binghamton obtained a comprehensive financial planning system. Binghamton shared with Wilson new surgical lights and tools, anesthesia medication carts and IT infrastructure applications. UHSH owned the equipment following the end of the five-year lease. 

Impact: DASNY’s Tax-Exempt Equipment Leasing Program (TELP) helps health care facilities, higher education institutions and certain other eligible not-for-profit institutions finance state-of-the-art equipment and lower the cost of borrowing through tax-exempt financing.