Unit of DVI to Issue $200 Million in Notes
IRVINE —
A unit of DVI Health Services Corp. said Thursday it has an agreement with a major financial institution to sell $200 million in secured notes backed by medical equipment financing receivables.
The notes will be issued in a series of private placements beginning later this summer.
The company said this is more efficient and profitable than the company’s old practice of selling many of its equipment-financing transactions.
The unit, DVI Financial Services Inc., is a financial-services company serving the medical-imaging industry.
