GE HealthCare
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Mehmi Financial Group helps businesses finance and lease GE HealthCare equipment, including medical equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used GE HealthCare units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About GE HealthCare
GE HealthCare was originally the healthcare division of General Electric and became an independent public company when the spin-off completed on January 4, 2023. According to its company profile, GE HealthCare operates in imaging (CT, MRI, X-ray and mammography), ultrasound, patient care solutions (monitoring and anesthesia) and pharmaceutical diagnostics.
GE HealthCare equipment on our list
Our list includes GE HealthCare imaging and patient care equipment such as anesthesia machines.
How lenders view medical equipment
Medical equipment is financed mainly on the facility's cash flow. Lenders review the quote, installation, service and the facility's financials. Large imaging projects include site preparation.
Financing GE HealthCare equipment
Leases with upgrade options suit technology. Service contracts and installation can sometimes be included.
How GE HealthCare equipment financing works
Most GE HealthCare purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a GE HealthCare medical equipment
Lenders look at the practice or clinic financials, licensing, and the vendor or service agreement. Installation, software and training costs can sometimes be included, subject to lender approval.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All GE HealthCare models with financing pages
| Model | Type | Category |
|---|---|---|
| GE HealthCare | Equipment | Medical |
| GE Healthcare (medical Imaging) | Equipment | Medical |
Tax treatment of GE HealthCare equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a GE HealthCare lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances GE HealthCare equipment
Medical: medical and dental clinics, imaging centres, specialists, veterinary practices and multi-location health groups finance GE HealthCare equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and age?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed GE HealthCare equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can a clinic finance GE HealthCare equipment?
Yes. Lenders review the clinic's cash flow and the quote.
When did GE HealthCare become independent?
The spin-off from GE completed on January 4, 2023.
Can an imaging centre finance a GE MRI?
Yes. Lenders review patient volumes, installation and site work.
Can service contracts be included?
Some lenders include service on the quote.
Can I finance used GE equipment?
Yes, with service history.
Can anesthesia machines be financed?
Yes, often with other surgical equipment.
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