Hospital Funding to be Divested From VFD Funding Group as a Financial Service Category
November 17, 2006 (PRLEAP.COM) Health News
VFD Funding Group owner Will Griffin announced today that the company no longer will attempt to arrange financing for hospitals, medical clinics, and the leasing of medical equipment. All current hospital projects have been successfully referred to existing banking sources and all other forthcoming hospital/medical financing inquiries will be referred to the new owner of Hospital-Funding.com
The reason for the sale of the http://Hospital-Funding.com domain name and web site and all of the similar traffic to be re-directed from Lease-Program.com, Municipal-Funding.com, and other VFD Funding Group web sites is based on the overwhelming volume of inquiries and business the company does with just their fire departments, EMS companies, 911 centers and municipal infrastructure projects and business.
"Hospital funding and medical equipment financing is a specialty area all its own", states VFD Funding Group owner Will Griffin. Mr. Griffin further described his motives for selling the hospital-funding.com and related endeavors as: "We have a huge volume of business with the fire, EMS, 911 and other municipal projects; with volumes more coming to us each and every day. We send our banks projects ready to go with all of the bases covered, 'i's dotted and 't's crossed. If we can't give the best customer service and be the most knowledgeable about a project, then we don't need to do it. We need to stick to and stay focused upon what we know best and what we do better than anybody else".
Customer service is a primary concern of the VFD Funding Group, who arranges a wide range of financing for projects such as new and used fire trucks to water systems, EPA-mandated pollution reducing storm water projects, roads & bridges. Currently the VFD Funding Group is working with over $1.5B in total projects all throughout the USA.
VFD Funding not long ago announced they would keep Municipal-Funding.com and continue to pursue financing for infrastructure projects, although they were in very informal and casual talks with other companies about divesting this group of projects and web sites. Additional staff was hired instead, because many municipalities are also the contracting entities for the fire department projects. This retention is what now compels VFD Funding Group to divest their hospital funding endeavors.
Several banks and finance companies have been privately approached to acquire the hospital funding business and no minimum sales price has been established. However, the web sites and all that will be sold with it will be divested far below the market value for a rapid sale, to prevent any diminishment in the customer service quality provided by the VFD Funding Group. The loss on the sales value of hospital-funding.com will prove to be far less than the losses potentially caused by the hospital category, as it becomes more of a diversion and a distraction from the core efforts of the company.
For more information or to inquire about the acquisition, visit: http://hospital-funding.com/hospital_funding_for_sale.htm or contact Will Griffin, or O. Kheir, or T. Richard Wolcott and the VFD-Funding Group.