Critical-care equipment finance

Your ICU, without the capital outlay.

Wardmore finances the beds, ventilators and monitors in intensive-care units for 611 hospitals in the United States and Canada: by lease, by subscription, or by the hour a bed is occupied.

How Utilization Pricing works

One week of a 12-bed intensive-care unit, by the hour1,720 of 2,016 bed-hours occupied (85.3 percent). Each row is a bed and each column an hour, Monday to Sunday; filled squares are hours when the bed held a patient.Bed 1Bed 2Bed 3Bed 4Bed 5Bed 6Bed 7Bed 8Bed 9Bed 10Bed 11Bed 12MonTueWedThuFriSatSun
One week in a 12-bed intensive-care unit, one square per bed per hour. 1,720 of 2,016 bed-hours were occupied (85.3 percent). Under Utilization Pricing the hospital pays for the filled squares.
  • $4.86 billion1of critical-care equipment funded since 2014
  • 6111hospitals in 37 states and 3 provinces
  • 41,8621beds, ventilators, monitors and other assets under finance
  • 3,9471ICU beds on Utilization Pricing
  • 2381rural and critical-access hospitals

Four ways to pay for critical-care equipment

Compare solutions

Equipment finance

A fixed monthly payment

Fair-market-value and $1-out leases and loans for beds, ventilators and monitors, from 24 to 84 months.

Suits
Predictable census; equipment you intend to keep

Utilization Pricing

By the occupied bed-hour

Each ICU bed is billed for the hours it holds a patient, measured by the bed, at a rate fixed for the term, above a monthly minimum.

Suits
Seasonal census; new or expanding units

Critical Care Subscription

One fee per bed, per month

The ventilator, monitor and infusion equipment for each bed, with service, loaners and software updates included.

Suits
Units that want one line in the budget

Technology Refresh

A fixed payment, new equipment every 48 months

Bedside and central monitoring replaced on a set schedule, with the next generation priced into today’s payment.

Suits
Monitoring and other equipment that ages by its software

All four can be combined in one master agreement, and any of them can be enrolled in Continuity Assurance for a lower rate.

What we finance

All equipment
Side elevation of an intensive-care bed with the backrest raised, with five numbered features 1 2 3 4 5

Intensive-care beds

Beds from five manufacturers, with integrated scales, pressure-injury surfaces and the remote-service connection Utilization Pricing reads. (1) Four-section deck. (2) Integrated scale. (3) Rail controls. (4) Central braking. (5) Footboard panel.

Elevation of a critical-care ventilator on a wheeled cart

Ventilators

Critical-care, transport and non-invasive ventilators, with humidification and service.

A bedside patient monitor on a wall-mounted arm

Patient monitoring

Bedside monitors, central stations, telemetry and the interfaces to your records system.

Case studies

All case studies

Continuity Assurance

Continuity Assurance

Lower rates and no security deposit, because enrolled equipment tells us it is installed, maintained and in service.

Equipment enrolled in Continuity Assurance connects to our service network. That lets us lend against it with more confidence, and pass the difference to the hospital: rates up to 0.85 percentage points lower.2 How Continuity Assurance works

Rural Hospital Program

Terms written for critical-access and rural hospitals with four to twelve monitored beds: minimum commitments sized to the winter census, and payments that follow the cost-report cycle.

238 hospitals in 29 states and 2 provinces.1

About the program

Investors

Wardmore Healthcare Equipment Receivables Trusts

Two term securitizations, backed by leases, subscriptions and Utilization Pricing agreements with hospitals. Reports are published on each payment date. The next is .

Investor overview

Outstanding trusts
TrustClosedNotes issuedPool balanceLatest report
WHERT 2025-1June 18, 2025$386,450,000$271,701,148October 15, 2026
WHERT 2026-1April 22, 2026$471,365,000$430,625,964October 15, 2026

Notes

  1. As of September 30, 2026. Assets under finance include equipment held by Wardmore Healthcare Equipment Receivables Trusts 2025-1 and 2026-1, which Wardmore services.
  2. Compared with the same agreement without Continuity Assurance, for hospitals rated in the same credit band. The reduction depends on the equipment, the term and the hospital’s credit. Continuity Assurance is described in each agreement, which governs.