When Kingsbridge Healthcare Finance, a division of Kingsbridge Holdings, LLC began in 2005, it became a full-service equity provider exclusively aimed at the medical marketplace.

"We do fair market value leases for medical equipment," said Mike Solot, VP of Medical Equipment Trading for the Lake Forest, Ill.-based company. "We buy, sell, trade and repair everything surgical related, and I started a trading organization within the company."

The company deals in equipment for everything from imaging to arthroscopic to endoscopy to general surgical items. It's Solot's job to grow the trading portion of the business and his success has helped Kingsbridge become designated as a DOTmed 100 company.

"On the trading side, things have grown for us," he said. "A lot of it is because of our vending relationships, but a lot of it is because of people refreshing equipment."

When the company was founded, co-CEOs Dan Flagstad and John Morand were coming off of a technology leasing start-up where they grew to 15,000 lease schedules covering $1.5 billion in equipment. With Kingsbridge, their goal was to provide the same stable management team to provide leases for medical equipment around the world.

Solot was brought in by the pair to manage the used equipment portion of the business and he praises his staff for making the segment a success.

"I've got people who work for me who call hospitals and surgery centers and do nothing but look for equipment no longer being used," he said. "Or we do trade-ins on newer technology both on the vendor side and user side."

Solot credits the company breaking into the veterinarian world as a big reason for the growth, as well as solid relationships with its customers.

"We have a data base of over 400 companies and we value repeat business a great deal," he said. "There are a lot of people who don't do what they say they are going to do. We do, and take care of the customer. We have a pretty good warranty program and are able to get a lot of good business that way."

Currently, half of all business is coming from overseas and Kingsbridge continues to see sales increases from places like China and India.

As for the future, Solot sees more people being hired to buy and sell; and even purchasing a company that does repairs, so they can broaden their scope on repairs and refurbishments.

"We are flexible on financing programs and in terms of buying equipment, we can custom tailor transactions to fit a customer's needs," he said. "We are innovative, flexible, well capitalized and efficient when it comes to servicing an end user."

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