New medical healthcare leasing company launches

The Dext team collectively has more than 150 years of experience in the equipment leasing industry.

Dext Capital is backed by Sightway Capital, a Two Sigma company focused on private equity investments, which says it will work closely with Lok and the Dext leadership team to support the company’s growth and capability development over time.

Jeff Nemanick, investment partner at Sightway Capital, said: “We believe an exciting opportunity exists to create a new technology-enabled leasing company focused on the healthcare industry.

“We’re looking forward to partnering with Kyin Lok and the leadership team to launch Dext Capital to capitalize on this opportunity.”

Lok outlined his plans to create a highly flexible equipment leasing platform for healthcare providers, saying: “Industry dynamics today are often characterized by small independent lessors which lack access to efficient capital and banks which are burdened by complexity with overly tight credit parameters.

“We believe that Dext Capital can address this growing market and provide a solution for our customers as an independent and well-capitalized alternative with a deep understanding of the industry and an advanced technology orientation.”

The Dext leadership team includes Eric Gross as chief operating officer, who was formerly general manager for Bank of the West’s newly-launched servicing business.

Scott Eshleman, who oversaw the profitable growth of multiple business lines to over $250 million in originations for Umpqua Bank, joins as chief risk officer.

Lou Altobelli, who most recently led Siemen Financial Services’ team of 10 territory managers across the nation, is national sales manager.

Jeff Rathjen is named as vendor and business development manager. He was previously national program manager for TCF’s healthcare division.