Philadelphia (Sept. 10, 2020) — LEAF Commercial Capital, Inc. (LEAF), a leading U.S. equipment leasing and finance company and a subsidiary of People’s United Bank, N.A., today announced that Centurion Service Group has chosen LEAF as its exclusive financing partner.
Centurion, the nation’s largest reseller of equipment in the world, selected LEAF on the strength of its leading vendor platform, its credit, sales and structuring expertise, and its proven ability to support sales teams and customers with flexible finance options tailored to meet today’s unprecedented health care industry challenges.
“We are pleased to partner with LEAF and its healthcare finance team to offer our customers financing with unmatched customized, affordable terms. Providing this option will help our customers become better equipped to control cash flow and budgets in a time when the pressures on both are greater than ever,” said Centurion CEO, Erik Tivin.
Leveraging 25 years of expertise across all health care segments and asset types, Centurion has long offered one of the premier marketplaces for buyers and sellers of surplus medical equipment, including high-value assets, radiology assets and surgical equipment. With this partnership, Centurion customers can now take advantage of a more flexible way to fund the acquisition of solutions they need to keep pace with a rapidly evolving marketplace.
“LEAF’s health care finance team looks forward to this new partnership with Centurion and its customers,” said LEAF Vice President of Sales, Business Unit Head, Mark Farlin. “Whether providers are acquiring medical equipment for small offices or the largest health systems, we offer customized finance options that provide the financial control and business agility organizations need to rise to today’s extraordinary challenges. This in turn enables them to continue delivering superior care and position themselves for future strength and lasting competitive advantages.”
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About LEAF Commercial Capital Inc.
LEAF Commercial Capital Inc. (LEAF) is headquartered in Philadelphia, with offices in Moberly, Missouri; Orange, California; Baltimore and Dallas. From the office to the factory floor to the server room, wherever customers need equipment, software and services, we make it affordable. Trusted by nearly 250,000 companies of all sizes across the U.S., LEAF Commercial Capital, Inc., backed by the strength of People’s United Bank, offers customized financing that helps our customers solve real problems. When businesses need financing or need to offer financing, they achieve more with LEAF.
About Centurion Service Group
Centurion Service Group partners with hospitals and surgery centers to unlock and extend the value of their surplus medical equipment. Centurion provides a hassle-free, full-cycle, service-focused solution: The company works with hospitals to create strategies for surplus equipment liquidation; to pick up, transport, warehouse, and sell surplus devices; and to continue the value of surplus equipment by turning it into new equipment, refurbished equipment or essential services. Centurion Service Group is a leading medical equipment lifecycle company with an extensive warehousing, auction, and logistical footprint in the United States.
About People’s United Bank
People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeast with over $61 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions. The company also provides specialized commercial services to customers nationwide.
