Boston Medflight is beginning the brand new yr by including extra plane to the skies.
The nonprofit, which offers important care medical transport by air and floor, has obtained two “tax-exempt leases” of almost $17 million that it’s going to use to purchase and medically retrofit a Cessna Citation CJ4 jet and an Airbus H145 helicopter.
MassDevelopment, the state’s improvement finance company and land financial institution, issued the leases totaling roughly $16.78 million, and Bank of America bought them, serving to “Boston MedFlight achieve a lower cost of capital,” officers mentioned in a launch.
“These aircraft will enhance our intensive care fleet, allowing us to safely and quickly transport patients to the region’s world-class hospitals,” Boston Medflight CEO Maura Hughes mentioned in a launch. “We appreciate MassDevelopment’s support in helping us expand our capabilities across New England.”
Boston MedFlight, based in 1985 by a consortium of metropolis hospitals, added to its fleet final June with a Cessna Citation CJ4 jet, an plane that has a variety of 1,500-plus miles, a cruising velocity of 460 mph and extra room to hold a member of the family or escort.
That jet additionally got here by way of a tax-exempt lease from MassDevelopment which in complete has allotted roughly $63.9 million in direction of Boston MedFlight. The funds have helped the nonprofit buy six medically configured helicopters.
“Boston MedFlight is an asset to the Commonwealth’s health care ecosystem with its dedicated transport, care, and communications teams getting patients where they need to be in the event of a life-threatening emergency,” mentioned MassDevelopment President and CEO Dan Rivera. “
With its fleet of jets, helicopters and significant care floor ambulances, the nonprofit yearly cares for greater than 6,500 sufferers together with essentially the most critically sick and injured infants, kids and adults.
All of Boston MedFlight’s automobiles are outfitted with state-of-the-art medical gear and function cell intensive care items, with extremely skilled important care nurses and paramedics. The nonprofit offers greater than $7 million in free and unreimbursed care to sufferers in want with little or no medical insurance coverage.