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December 9, 2015 • Vol. XXVII • No. 25 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
Finance Index for Oct. Reveals Volume of $7.7B
Construction crews are working to complete a major $300 million replacement facility for Baptist Memorial Hospital North Mississippi, which will serve Oxford, Lafayette County and the surrounding area. The new five-story structure will have 602,831 sq. ft. (56,004 sq m), including 217 beds with more comprehensive medical and surgical services. “With the growth our area has experienced in the last decade, building a newer, updated hospital to serve the community became an easy decision,” said Bill Henning, administrator and CEO of Baptist North Mississippi. “The new hospital is a replacement hospital with the same number of beds as the current hospital. However, the new building will afford us the space to add new services, the flexibility for future changes in patient care and provide the infrastructure for new
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1.046 trillion equipment finance sector, showed its overall new business volume for October was $7.7 billion, down 8 percent from new business volume in October 2014. Volume was down 8 percent from $8.4 billion in September. Year to date, cumulative new business volume increased 3 percent compared to 2014. Receivables over 30 days were 1.0 percent, down from 1.1 percent the previous month and down from 1.26 percent in the same period in 2014. Charge-offs were 0.27 percent, unchanged from the previous month. Credit approvals totaled 80.1 percent in October, down slightly from 80.5 percent in September. Total headcount for equipment finance companies was up 5 percent year over year. Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCIEFI) for November is 60.2, an increase from the previous month’s index of 58.7. ELFA President and CEO William G. Sutton said, “Performance in the equipment finance market was mixed in October: new business volume weakened somewhat — both in terms of the month- and year-earlier periods — while portfolio quality remained
see BAPTIST page 72
see ELFA page 24
Hennings Construction Puts Its Customers First…8
Baptist Memorial Hospital North Mississippi photo
Officials have stated that a bigger, more modern facility will allow Baptist to better serve patients and offer more convenience to those it serves. MWI Pumps Prepares for Milestone Anniversary…12
Baptist to Better Serve Miss. With New $300M Facility By Cindy Riley
CEG CORRESPONDENT
Liebherr Demos Iron at Sales Seminar…22
Table of Contents ....................4 Truck & Trailer Section ....46-49 Recycling Section ............57-71 Attachment & Parts Section ...... ..........................................73-79
Huntsville Could Be Alabama’s Largest City by 2022 By Challen Stephens CEG CORRESPONDENT
Auction Section ..............98-105 Business Calendar................102 Advertisers Index ................106
HUNTSVILLE, Ala. (AP) Huntsville could soon pass Birmingham to become the largest city in Alabama. “We believe we will be the biggest city in the state within a decade,” said Dennis
Madsen, long-range planner for the city of Huntsville. Right now, Huntsville is fourth. It’s the smallest of the four main cities in this state. But those cities have evolved in ways that find all four at nearly the same size. And demographers with Huntsville project the city slipping past Mobile in two years,
passing Montgomery in four years and growing larger than Birmingham by 2022. Birmingham is currently the largest city in Alabama with about 212,000 people. Huntsville is the smallest of the four at about 188,000. But Huntsville Mayor Tommy Battle was see HUNTSVILLE page 92