Navigation Links
Siemens Financial Services, Inc. Announces Completion of Tax-Exempt Financing With El Camino Hospital

ISELIN, N.J., March 23 /PRNewswire/ -- Siemens Financial Services, Inc. announced today that it has provided $19.5 million in tax-exempt financing to El Camino Hospital in Mountain View, California. The five-year tax-exempt financing was used to acquire a variety of Siemens Medical Solutions equipment which will be deployed in the new El Camino hospital under construction.

(Logo: )

"For more than 40 years, El Camino Hospital has been serving the Silicon Valley area with comprehensive and innovative healthcare services," said Roland Chalons-Browne, President and CEO of Siemens Financial Services. "In this difficult credit environment, SFS is glad to enable access to state-of-the art technology that will help improve patient treatment at this new facility."

"The current financial climate has made access to the tax-exempt bond market and the credit markets in general very challenging. The financing provided by Siemens Financial Services, will enable us to ensure that our new hospital will be equipped with the latest diagnostic technology and will help us meet our planned opening date," said Marla Marlow, CFO of El Camino Hospital. "We are very pleased that Siemens Financial Services was able to support us during this difficult financial period and we look forward to a strong and lasting relationship with them."

Siemens, one of the largest electronics and engineering companies in the world, has been a leader in the healthcare industry for more than 130 years. This heritage has largely been built on innovation and excellence. "It is precisely this healthcare industry expertise that allows SFS to be an innovative and reliable finance resource for healthcare providers", said Roland Chalons-Browne, President and CEO of Siemens Financial Services.

About Siemens Financial Services (SFS)

With some 1,900 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services division offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. The division's key customers are internationally active industrial and services companies, as well as public-sector operators. The group supervises more than 20 equipment financing companies worldwide. Further information:

Siemens Financial Services, Inc. (SFS Inc.) is a leading provider of business-to-business financial services in the United States. SFS is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, and industrial sectors by providing customized solutions that range from equipment financing and working capital to project and export finance, and insurance solutions. Further information on Siemens Financial Services in the United States:

About Siemens

Siemens AG (NYSE: SI) is a global powerhouse in electronics and electrical engineering, and operates in the industry, energy and healthcare sectors. For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions. With 428,000 employees in 190 countries, Siemens reported worldwide sales of $116.6 billion in fiscal 2008. With its U.S. corporate headquarters in New York City, Siemens in the USA reported sales of $22.4 billion and employs approximately 69,000 people throughout all 50 states and Puerto Rico. For more information on Siemens in the United States, visit

About El Camino Hospital

Located on a 41-acre campus in the heart of Silicon Valley, the 395-bed, not-for-profit El Camino Hospital serves residents in the El Camino Hospital District - Mountain View, Los Altos, Los Altos Hills, and portions of Sunnyvale and Palo Alto - as well as those in surrounding communities. Established in 1961, the hospital has delivered the highest level of medical services to the community for more than four decades. Its quality programs and high customer satisfaction rankings have been recognized locally and nationally. For the past five years, HealthGrades, a national rating company, has named El Camino Hospital a Distinguished Hospital for Clinical Excellence, placing it in the top 5% of hospitals nationwide. El Camino Hospital is one of only 14 hospitals in California designated as a nursing magnet hospital by the American Nursing Credentialing Center. Specialties include cardiac care, dialysis, cancer care, maternal child health services, orthopedics, neurosurgery and behavioral health. The hospital is also recognized as a national leader in the use of health information technology to promote patient safety, including computerized order entry, electronic medical records and wireless communications.

To learn more about El Camino Hospital and its services, visit our web site at For a physician referral, visit our web site or call the El Camino Health Line at 800-216-5556.

SOURCE Siemens Financial Services, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Siemens and Sysmex Renew Global Agreement
2. Siemens to Donate Hearing Instruments Through Second Annual Partnership With Quota International
3. BIND Biosciences To Install First Siemens Simatic(R) PCS 7 Lab Process Control System in the U.S.
4. Danube(TM) Technologies Jim Schiel to Share Scrum Best Practices Learned From Siemens Medical Solutions Project
5. Siemens Survey Reveals Low Awareness of Escalating Need for Superior Data Center Efficiency
6. Sentinelle Medical Enters OEM Distribution Agreement with Siemens AG
7. VIDEO from Medialink and Siemens: Technology Auction Benefits Childrens Health Fund
8. Miller Joins Siemens IT Solutions and Services as V.P. of Healthcare Industry Group
9. AUDIO from Medialink and Siemens: New Year, New Carbon Footprint
10. Siemens Next-Generation of C-Arms Demonstrate Precision Imaging and Ease of Use
11. Siemens Provides Breast Care Solutions - For Women. For Health. For Life.
Post Your Comments:
(Date:11/26/2015)... ... November 26, 2015 , ... Somu Sivaramakrishnan announced today that ... Somu now offers travelers, value and care based Travel Services, including exclusive pricing ... well as, cabin upgrades and special amenities such as, shore excursions, discounted fares, ...
(Date:11/26/2015)... , ... November 26, 2015 , ... Jobs in hospital ... healthcare professionals and offered by healthcare staffing agency Aureus Medical Group . ... month of October 2015 among those searching for healthcare jobs through the company’s website, ...
(Date:11/26/2015)... ... November 26, 2015 , ... WorldCare International, Inc., the first ... annual Employee Benefits Conference. The Employee Benefits Conference was hosted by the International ... November 11th, 2015. The conference was held at the Hawaii Convention Center in ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... mental health and wellness consultation, has collaborated with Women’s Web – an ... reader’s queries on topics on mental and emotional well-being relationship, life balance, ...
(Date:11/25/2015)... ... November 25, 2015 , ... Additional ... those found on mammography, according to a study published online in the journal ... seen on mammography may necessitate a change in treatment. , Breast MRI is ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 26, 2015 ... "Radioimmunoassay Market by Type (Reagents & ... Academics, Clinical Diagnostic Labs), Application (Research, Clinical ... 2020" report to their offering. ... addition of the "Radioimmunoassay Market by ...
(Date:11/25/2015)... ) ... "Global Brain Monitoring Devices Market 2015-2019" ... ) has announced the addition of ... 2015-2019" report to their offering. ... ) has announced the addition of the ...
(Date:11/25/2015)... THOUSAND OAKS, Calif. , Nov. 25, 2015 /PRNewswire/ ... of a Biologics License Application (BLA) with ... Administration (FDA) for ABP 501, a biosimilar candidate to ... the first adalimumab biosimilar application submitted to the FDA ... biosimilar pathway. Sean E. Harper , M.D., ...
Breaking Medicine Technology: