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In the Marketplace

By ALM Staff | Law Journal Newsletters |
April 27, 2007

Telerent Leasing Corporation of Freehold, NJ, a wholly owned subsidiary of ITOCHU International Inc., announced the formation of its TLC HealthCare Finance division to provide equipment acquisition financing services to the health care marketplace. The new division will complement Telerent's existing financing and health care businesses, which maintain a strong presence with hospitals through TeleHealth Services, the largest provider of television systems to U.S. hospitals, and through its Vendor Capital Group, which provides capital equipment financing for U.S. hotels and franchise restaurants. Leading TLC HealthCare Finance's operations will be Kevin G. Ward, previously with Copelco Capital, another ITOCHU International subsidiary prior to its sale to Citigroup in 2000.

Telerent Leasing Corporation of Freehold, NJ, a wholly owned subsidiary of ITOCHU International Inc., announced the formation of its TLC HealthCare Finance division to provide equipment acquisition financing services to the health care marketplace. The new division will complement Telerent's existing financing and health care businesses, which maintain a strong presence with hospitals through TeleHealth Services, the largest provider of television systems to U.S. hospitals, and through its Vendor Capital Group, which provides capital equipment financing for U.S. hotels and franchise restaurants. Leading TLC HealthCare Finance's operations will be Kevin G. Ward, previously with Copelco Capital, another ITOCHU International subsidiary prior to its sale to Citigroup in 2000.

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