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About LFC Capital
Mission
At LFC Capital, our mission is to help healthcare providers maximize their profits by minimizing their equipment financing costs. We provide a full range of equipment financing to healthcare providers of all kinds, specializing in serving hospitals and clinics. We also work in partnership with equipment vendors, financial institutions, lessors and brokers in serving the healthcare industry. Our constant presence in the healthcare capital markets enables us to find the lowest cost of capital for the need at hand.
Our specialty is designing the optimal financing structure for specific client needs, whether it be for diagnostic imaging equipment, IT systems and software, or other equipment. We offer a consultative approach to achieve the best and lowest-cost solution. As specialists in healthcare equipment financing, LFC Capital combines creativity and flexibility with exceptional service and speed.
History
LFC Capital was formed in 1994 to manage The LINC Group’s healthcare leasing portfolio in connection with the acquisition of LINC Healthcare Leasing by Anthem Insurance, a major Blue Cross/Blue Shield provider. Founded in 1975, LINC grew to become one of the largest leasing companies in healthcare. Today, LFC Capital is managed by a team of experienced professionals, many of whom worked together at LINC and its successor companies.
In 2002, LFC Capital acquired the assets and management of MFP Medical to create LFC Equipment, which specializes in refurbishing CT and MR scanners. This capability allows LFC to deliver late-model, high-performance diagnostic imaging equipment at substantial savings, and to provide equipment remarketing services to clients who wish to profitably dispose of medical equipment they no longer need.
LFC Capital, with headquarters in Chicago, provides a full spectrum of equipment financing services to healthcare providers, service companies and manufacturers, including rentals and customized programs.
Executive Team
The principals of LFC Capital average more than 25 years of experience in healthcare financial services and together have provided more than $1.5 billion in equipment financing to some 1,000 healthcare organizations.
Martin E. Zimmerman
Chairman and CEO
Martin Zimmerman started one of the first companies to specialize in healthcare equipment leasing in 1967. In 1975, he founded LINC, which became one of the largest leasing companies in the healthcare field. He organized LFC Capital in 1994 and acquired LINC's $250 million healthcare leasing portfolio when the company went public in 1997.
He earned a Bachelor of Science in Electrical Engineering from the Massachusetts Institute of Technology in 1959, and an MBA in Finance from Columbia Graduate School of Business in 1961, where he is a member of the School’s Board of Overseers.
Mr. Zimmerman served for five years as a Trustee of Ravenswood Hospital Medical Center in Chicago, where he chaired the Finance Committee, and has been a Director of the Equipment Leasing Association. Charles R. Rubin
Senior Vice President and Sales Manager
Charles Rubin is a 25-year veteran of the equipment leasing business. He joined LFC
Capital in early 2006 as Senior Vice President with responsibility for sales and marketing. Previously, Mr. Rubin was Senior Vice President and Manager – Southern California, for Warren Capital Corporation, which focused on healthcare as a primary market.
Prior to that, Mr. Rubin was co-founder and manager of two leasing companies serving both healthcare providers and middle market growth companies. He began his career in equipment finance with Heller Financial in Chicago, where over a period of eight years he rose from trainee to Senior Vice President of the Financial Institutions Division.
Mr. Rubin received his BS in Education at the University of Illinois and MBA in Finance at the University of San Francisco.
Sales Team
Ted Forbes
Director, Northeast Sales
Ted Forbes heads up sales in the Northeast U.S. for LFC Capital, based in Boston. Before joining LFC, he held marketing positions with The LINC Group and successor companies, including LINC Anthem, Newcourt and CIT. Prior to that, he was a Lease Finance Specialist for Picker Finance, an affiliate of Picker International, now Philips Medical Systems. Mr. Forbes launched his career at the Harleco Division of American Hospital Supply Corporation.
Mr. Forbes is a graduate of Brown University with a Bachelor of Arts degree in Biology and Chemistry. He served in the U. S. Marine Corps.
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