Pride Mobility Products Corp, Exeter, Pa, has established Galaxy Mobility Financial Services LLC, a wholly owned subsidiary founded to provide inventory and working capital financing solutions for qualified Pride providers.
Galaxy offers a selection of exclusive financial programs designed expressly to help providers transition to the new rental environment. These programs allow providers to manage their cash flow by securing a source for capital and scheduling predictable monthly payments for inventory.
“Faced with a challenging economy and Medicare’s elimination of the first month purchase option, we recognized the limited capital market for DME providers,” says Scott Meuser, Pride Mobility’s chairman and CEO. “The creation of Galaxy Mobility Financial Services LLC fills that void and empowers our providers to continue to operate dynamic and growing businesses.”
Galaxy programs–-including the fleet, inventory finance, and customized programs–offer a comprehensive and flexible financing solution to solve the cash flow challenge related to the elimination of the first months purchase option, allowing extend payments beyond Pride trade terms. The programs offer competitive interest rates, have a high number of credit approvals, and free up Pride credit lines for additional purchasing power.
“When building Galaxy from the ground up, we recruited and consulted with some of the top financial consultants in the country to develop and implement the ultimate provider financing solution,” says Ann Sadusky, executive vice president, Human Resources and administration. “Galaxy is fully staffed with a team of financing experts led by Michael O’Boyle, general manager of Galaxy Sales.”
Michael joins Pride after 12 years with Altec Industries Inc, where he built his experience in accounting, lease sales, inventory, purchasing, and account management. He holds a master’s degree in finance.
For more information and to apply, call a Galaxy Representative at (888) 525-2021.
Pride Mobility Products® Corp is among the world’s leading designers and manufacturers of mobility products.
[Source: Pride Mobility]