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COPELCO TO PROVIDE FINANCING FOR AMBULATORY CARE FACILITIES

 PENNSAUKEN, N.J., Oct. 25 /PRNewswire/ -- Copelco Financial Services Group, specialists in the acquisition, leasing and remarketing of healthcare and commercial/industrial equipment, announced today that it has begun providing financing for free-standing medical centers through a new company called Copelco Healthcare Finance Corporation.
 Based in Pennsauken, Copelco Healthcare Finance Corporation will provide equipment and other types of financing for ambulatory care facilities that perform surgery, imaging, oncology, physical therapy and additional kinds of out-patient healthcare services.
 "As issues like quality of care and price become ever more important considerations within the healthcare industry, we anticipate that there will be increased opportunities for ambulatory care facilities," noted Alan N. Frankel, president of the new organization. "Copelco Healthcare Finance Corporation will address the growing need for financing among the developers and owners of free-standing centers."
 In addition to Frankel, Robert S. Goodman and Douglas R. Lynch have joined Copelco Healthcare Finance Corporation as managing directors. Floyd R. Weiss has joined the company as regional sales director, based in Dallas.
 Copelco Healthcare Finance Corporation will operate from 1700 Suckle Plaza in Pennsauken. Its phone number is 800-257-8451.
 Copelco Financial Services Group (CFSG) is an indirect subsidiary of the ITOCHU Corporation, an international company with $61 billion in assets. CFSG provides a diversified range of leasing and other financial services. In addition to Copelco Healthcare Finance Corporation, CFSG operates four other subsidiaries, including Copelco Leasing Corporation, a leader in equipment leasing for the medical, commercial and industrial sectors.
 /delval/
 -0- 10/25/93
 /CONTACT: Martha Wright of LevLane Advertising, 215-667-7313, for Copelco/


CO: Copelco Financial Services Group; Copelco Healthcare Finance
 Corporation ST: New Jersey IN: HEA SU:


MJ-JM -- PH022 -- 6339 10/25/93 12:42 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:283
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