SUNY University Hospital Health Center at Stony Brook
Stony Brook, University Hospital Health Center
State University of New York (SUNY)
Stony Brook Saves on Cancer-fighting Technology through DASNY
SUNY University Hospital Health Center at Stony Brook needed vital medical equipment for its new 10-level, 225,000-square-foot, 150-Bed Tower and its new eight level, 240,000-square-foot Medicine and Research Translation (MART) Building. By working with DASNY and its Tax-Exempt Equipment Leasing Program (“TELP”), Stony Brook closed an $18.5 million lease for cutting-edge cancer care technology and other equipment. Stony Brook has participated in DASNY’s TELP program for 20 years, closing 17 leases totaling approximately $280 million and saving the Hospital approximately $28 million.
Through TELP, DASNY partners with its clients and businesses that provide the funds for capital equipment leases. DASNY’s ability to enter tax-exempt leases simplifies the borrowing process and lowers interest rates for clients. In FY 2017, DASNY delivered $144.2 million in low-cost leases through TELP.
The medical equipment for the new Bed Tower / MART financed through DASNY will assist imaging, neurosciences, cancer care and cancer research, and will enable scientists and physicians to work side-by-side to advance cancer research and imaging diagnostics.
Bed Tower / MART, completed in Spring 2018, reflects Stony Brook’s commitment to patient- and family-centered care, and will facilitate partnerships among health care practitioners, patients and families.