Bionik Laboratories Corp has entered a rental agreement with Tallahassee Memorial HealthCare for the company’s InMotion ARM robotic system.

Through this agreement, facilitated through Bionik’s rental financing program, Tallahassee Memorial will pay a low monthly rental fee to utilize the InMotion ARM at the Tallahassee Memorial Rehabilitation Center, spreading the cost of the system over an extended period of time.

The Toronto-based company’s rental financing program is designed to help make robotic rehabilitation products more affordable to healthcare institutions.

“We are excited to partner with Bionik and bring this innovative technology to our patients,” says Sheree Porter, director of therapy services, Tallahassee Memorial Rehabilitation Center, in a media release.

“Bionik’s InMotion ARM system allows us to enhance rehabilitation treatment for stroke survivors within the region. At the Tallahassee Memorial Rehabilitation Center and the Neuro Outpatient Clinic, this technology is expected to become an integral part of our neurological therapy regimen,” she adds.

Dr Eric Dusseux, chief executive officer of Bionik Laboratories, states that, “The launch of the rental program was an important step for the Company last year, and we are extremely pleased to see a first-class healthcare institution utilizing it to bring innovative treatments to its patients.”

“We believe this rental option will make our technologies more affordable to healthcare providers, as a low monthly payment fits better into a tight budget and ensures maximum ROI to the hospital. At the same time, this program is expected to support a shorter sales cycle for Bionik.”

[Source(s): Bionik Inc, PR Newswire]