Dolfin, a financial technology firm, provided $30 million in tenant improvement and equipment financing for Advanced Radiotherapy Technologies (ART Health) to support the build-out and acquisition of equipment for its new radiotherapy center in Newport Beach, CA.
The financing is structured as a fully amortizing, 10-year credit-based lease, offering the cancer center more efficient use of capital.
“We are thrilled to partner with ART Health,” Keely Ryder, co-founder of Dolfin, said. “They are the perfect example of why we started this business — cutting-edge, life-saving equipment should not be financially out of reach for a leader in oncology care.”
“Working with Dolfin has been a game-changer,” Ryan Bowers, chief operating officer of ART Health, said. “Their ability to make next-generation modalities financially feasible for our clinical partners means we can better equip physicians fighting cancer with the tools they need to save lives.”
