AT and T joins Picker International in imaging equipment finance venture
This article was originally published in Clinica
AT&T is to purchase LDI's 50% share in the US joint venture with Picker set up in 1992 to provide financing to purchasers of Picker International's medical imaging systems and equipment. AT&T's initial debt and equity investment in Picker Finance Group (PFG) is put at around $80 million. In the first five years of the 10-year agreement, PFG expects to arrange $400 million medical equipment financing. The worldwide leasing market for imaging equipment is estimated at around $3,000 million.