April 27, 1993
DVI Health Services Corp., seeking additional capital to expand its equipment financing business, said Monday it has issued $42 million worth of notes to Allstate Life Insurance Co. and Principal Mutual Life Insurance Co. The notes are secured by equipment leases and were issued to the two insurance companies through a specially formed corporation, DVI Lease Finance Corp. II. The leases were made by DVI Financial Services Inc., a company subsidiary.
June 11, 1993
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.
February 23, 1993 |
Billings Bonanza: Irvine-based DVI Health Services Corp., thinks it may have hit upon a gold mine. The medical financing company, which specializes in leasing expensive medical equipment, such as magnetic resonance imaging machines, has begun to operate in the factoring business, which is making loans on unpaid bills--in this case requests submitted to insurance companies by private physicians.
February 13, 1993
DVI Health Services Corp., an Irvine company that leases medical equipment and operates imaging centers, reported a 61% decline in profit for its latest fiscal quarter. Earnings for the second quarter ended Dec. 31 came to $237,000, or 4 cents a share, contrasted with $606,000, or 12 cents a share, for the same period a year earlier. The company attributed the drop to a change in leasing arrangements and a decline in operating revenue from imaging centers it owns.