Wells Fargo & Company has launched a vendor‑financing relationship with Siemens Healthineers, providing competitive, comprehensive financing options for hospitals and health systems across the U.S.
Wells Fargo Vendor Financial Services, a part of Wells Fargo Commercial Capital, delivers the program. The financial solutions are designed to help improve customers’ cash on hand, assist with acquiring new technology while remaining within budget, and accelerate important growth projects. In addition, Wells Fargo will supply the Siemens Healthineers sales force with competitive lease and loan products, comprehensive transaction support, and value-added services to help aid the sales process.
“Wells Fargo is dedicated to helping Siemens Healthineers increase sales and improve margins,” said Jim Kelly, head of Wells Fargo Vendor Financial Services. “We are proud to deliver a flexible financing program, paired with marketing support, training resources, and a field sales team to help provide a competitive edge.”
Wells Fargo has deep roots in the health care industry, with more than $43 billion in capital committed to the healthcare financial sector and more than $2 billion in equipment financing.
“Hospital and health care executives struggle with securing favorable terms for capital acquisition,” said David Pacitti, President and Head of the Americas, Siemens Healthineers. “Through the Wells Fargo Medical Equipment Finance Program, Siemens Healthineers customers will be offered thorough and competitive financing options, which will assist with technology acquisition.”
Siemens Healthineers is a leading medical technology company with more than 120 years of experience and 18,500 patents globally. An estimated five million patients every day benefit from the company’s technologies and services in the areas of diagnostic and therapeutic imaging, laboratory diagnostics and molecular medicine, as well as digital health and enterprise services.