Analogic Teams with DLL to Offer Financing Options to BK Ultrasound Customers

By GlobeNewswire,  September 21, 2016, 03:30:00 PM EDT


PEABODY, Mass., Sept. 21, 2016 (GLOBE NEWSWIRE) -- Analogic Corporation (Nasdaq:ALOG), enabling the world's medical imaging and aviation security technology, announced today that its BK Ultrasound business has created BK Finance to provide a variety of flexible financing solutions for its ultrasound product portfolio.

The BK Finance program is offered in cooperation with DLL, the world's leading provider of vendor finance programs. DLL has a 40-year history working with manufacturers and their distribution channels in more than 35 countries across the globe. BK Ultrasound will now benefit from DLL's expertise in providing tailored financial solutions and sales resources that help customers effectively manage the lifecycle of their ultrasound equipment. Together, BK Finance and DLL will enable a broad range of healthcare providers to acquire the advanced ultrasound system equipment and technology they need to improve the health and wellness of their patients. BK Finance will offer financing options for customers in the U.S. beginning immediately. Financing options will be made available outside the U.S. later this year. 

"We are pleased to announce this partnership with DLL," said Mark Frost
, senior vice president, chief financial officer, and treasurer. "BK Finance enables us to offer our customers a variety of flexible leasing options that helps provide ongoing access to the latest in advanced ultrasound technology. Our goal is to help our customers keep up with technology while allowing them to conserve their capital budget, ultimately making our innovative ultrasound solutions more accessible to a broader audience."

About Analogic 

Analogic (Nasdaq:ALOG) provides leading-edge healthcare and security technology solutions to advance the practice of medicine and save lives. We are recognized around the world for advanced imaging and real-time guidance technologies used for disease diagnosis and treatment as well as for automated threat detection. Our market-leading ultrasound systems, led by our flagship BK Ultrasound brand, used in procedure-driven markets such as urology, surgery, and point-of-care, are sold to clinical practitioners around the world. Our advanced imaging technologies are also used in computed tomography (CT), magnetic resonance imaging (MRI), and digital mammography systems, as well as automated threat detection systems for aviation security. Analogic is headquartered just north of Boston, Massachusetts. For more information, visit www.analogic.com.

About DLL

DLL is a global provider of asset-based financial solutions in the Healthcare, Clean Technology, Agriculture, Food, Construction, Transportation, Industrial and Office Technology industries. We collaborate with equipment manufacturers, dealers and distributors in more than 35 countries to enable businesses to obtain and use the assets they need to contribute meaningfully to the world. DLL is a wholly owned subsidiary of Rabobank Group. For more information, visit www.dllgroup.com.

Analogic and the globe logo are registered trademarks of Analogic Corporation.

For Further Information, Contact:

Investor Contact:
Mark Namaroff
Director of Investor Relations (978) 326-4058 investorrelations@analogic.com Media Contact: Judith Rossi
Sr. Director, Marketing Communications (978) 326-4430 info@analogic.com

Source: Analogic Corporation

This article appears in: News Headlines

Referenced Stocks: ALOG


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