DVI Closes New $100 Million Credit Facility; New Credit Facility to Finance Medical Equipment Leasing Business

Business Wire, May 14, 2003

Business Editors

JAMISON, Pa.--(BUSINESS WIRE)--May 14, 2003

DVI, Inc. (NYSE:DVI), an independent specialty finance company for healthcare providers, announced today the completion of a new $100 million credit facility. The new credit facility, which closed on May 5, 2003, is available to a wholly owned subsidiary, DVI Financial Services Inc., to finance loans and leases of medical equipment in the United States.

This credit facility, issued by West LB AG, New York Branch, will provide interim, or warehouse, financing for DVI's domestic medical equipment leasing business with permanent financing generated from the proceeds of periodic asset-based securitization transactions. West LB will provide this financing through its Paradigm Funding LLC commercial paper conduit program.

Michael A. O'Hanlon, president and chief executive officer of DVI, commented, "We are very pleased to have West LB as one of our new funding sources. This additional credit capacity will play a key role in the growth of our core domestic business. We look forward to a long term and profitable working relationship with West LB and its parent organization."

DVI is an independent specialty finance company for healthcare providers worldwide with $2.7 billion of managed net financed assets. The Company extends loans and leases to finance the purchase of diagnostic and other therapeutic medical equipment directly and through vendor programs. DVI also offers lines of credit for working capital backed by healthcare receivables in the United States. Additional information is available at www.dvi-inc.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.

Any statements contained in this press release, which are not historical facts, are forward-looking statements. Such statements are based upon many important factors, which may be outside the Company's control, causing actual results to differ materially from those suggested. Such factors include, but are not limited to, legislative and regulatory changes in general, including such changes affecting the healthcare industry, demand for DVI's services, market interest rates, pricing, market condition in the markets in which we operate, the effect of economic conditions, litigation, competition from institutions offering similar products and services, our access to funding on acceptable terms, the ability to complete financing transactions, and other risks identified in the Company's filings with the Securities and Exchange Commission.