Medical directors partner coy on diagnostic equipment

The Guild of Medical Directors and Biostadt Company have signed a   memorandum of understanding to enable private medical practitioners acquire required medical equipment for their hospitals. Speaking during the event in Abuja, National President of the guild, Dr Tony Philips said with the partnership, doctors who own hospitals could now choose the equipment they […]

The Guild of Medical Directors and Biostadt Company have signed a   memorandum of understanding to enable private medical practitioners acquire required medical equipment for their hospitals.

Speaking during the event in Abuja, National President of the guild, Dr Tony Philips said with the partnership, doctors who own hospitals could now choose the equipment they want and pay for it in a friendly manner.

He said they could buy medical equipment at cheap prices from the company, pay just 10 percent of the cost of the equipment, and pay the rest in installments.

“The whole idea is that doctors can now choose equipment they want for their practices and pay for it in a friendly manner. Not the one that will give you hypertension or make you die before you get the equipment, or to get the money,”  he said 

He said the partnership would help stem medical tourism and reduce by half the over $500 billion Nigerians spend on medical treatment abroad  as well as help save the nation’s economy and crisis in the health  sector.

General Manager,  Biostadt  Company , Mr Emmanuel Otitoloju, said basic equipment were lacking in hospitals and where available, they were usually substandard, adding that his company decided to partner with the guild to provide financing solution and quality medical equipment.

He said: “No collateral was required, payment could be made over time and all that is required is a reference letter from the guild.”

Representative of Fidelity Bank at the event, Amina Babalola said the bank would provide funding for the partnership at a single digit interest rate.