SYRACUSE, N.Y. — The Dormitory Authority of the State of New York (DASNY) on Friday announced the closing of $35.88 million in tax-exempt lease financing for Upstate Medical University through DASNY’s tax exempt leasing program.
The financing will enable the purchase of “essential” medical equipment including a new MRI machine for advanced diagnostic imaging; pharmacy systems to enhance medication safety; imaging technology that improves surgical precision; patient monitors that provide real-time health data; and information technology infrastructure across Upstate’s Downtown and Community campuses, DASNY said.
The investment will enhance patient diagnoses; improve treatment outcomes; and ensure Central New York residents have access to the latest medical technology at Upstate’s facilities, DASNY contends.
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“Modern medical equipment is essential for delivering high-quality healthcare to New Yorkers,” Robert Rodriguez, president and CEO of DASNY, said in the announcement. “Through DASNY’s Tax Exempt Lease Program, we are providing Upstate Medical University with a cost-effective financing solution that saves money through lower interest rates and streamlined processes. This $35.8 million investment strengthens healthcare infrastructure across Central New York, ensuring that patients throughout the region have access to advanced diagnostic and treatment capabilities.”
DASNY’s tax exempt leasing program provides health care, educational, and other approved nonprofit entities with cost-effective financing options for equipment purchases. It allows the institutions to maintain “state-of-the-art” technology while “maximizing” their operational resources.
“This equipment will directly improve patient outcomes in Central New York,” Dr. Robert Corona, CEO of Upstate University Hospital said in the DASNY announcement. “New imaging technology will help detect diseases earlier when they are more treatable. Updated patient monitoring systems will alert our healthcare teams faster when intervention is needed. Modern pharmacy systems will enhance medication accuracy and safety.”
