Higgins steps down as DVI chief

DVI chairman and CEO David Higgins has stepped down, the Doylestown,PA, medical equipment financing company reported in November.Michael O'Hanlon, DVI's president and COO, will assume the CEOtitle. Higgins said he will continue to consult for DVI in thefuture.

DVI also announced that it has formed a new joint venture toprovide medical equipment financing in Asia and the Pacific Rim.The business, Medical Equipment Credit, is a partnership withPhilips Medical Systems International and Philadelphia InternationalInvestment, with DVI owning a 40% stake.