Stryker
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Mehmi Financial Group helps businesses finance and lease Stryker 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 Stryker units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Stryker
Dr. Homer Stryker, an orthopaedic surgeon from Kalamazoo, Michigan, started Stryker in 1941 to produce products he invented for his patients, according to Stryker.
Stryker equipment
Stryker stretchers, beds, surgical equipment and imaging are used by hospitals, surgical centres and EMS services.
What lenders look at
Medical technology deals are reviewed on the organization's finances and how the equipment supports procedures or services.
Financing Stryker equipment
Stryker equipment is often financed in larger refits, such as OR or emergency department projects.
How Stryker equipment financing works
Most Stryker 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 Stryker 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 Stryker models with financing pages
| Model | Type | Category |
|---|---|---|
| Stryker | Equipment | Medical |
| Stryker 1488 Camera System | Equipment | Medical |
| Stryker 1588 Camera System | Equipment | Medical |
Tax treatment of Stryker 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 Stryker 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 Stryker equipment
Medical: medical and dental clinics, imaging centres, specialists, veterinary practices and multi-location health groups finance Stryker 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 Stryker 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 hospital finance Stryker equipment?
Yes.
When was Stryker founded?
In 1941 in Kalamazoo, Michigan.
Can an EMS service finance stretchers?
Yes.
Can an OR refit be financed?
Yes, as a project.
Can service be included?
Some lenders include it.
Can a surgical centre finance Stryker equipment?
Yes.
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