DASNY to Finance $35.4M in Equipment for SUNY Upstate Medical University

The financing will enable the university to purchase and replace critical clinical, surgical, diagnostic and IT equipment.

Mar. 16, 2026 at 11:34am

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The Dormitory Authority of the State of New York (DASNY) has announced the closing of approximately $35.4 million in tax-exempt lease financing for SUNY Upstate Medical University. The financing will enable Upstate to purchase and replace clinical, surgical, diagnostic and information technology equipment across its downtown and community campuses in Syracuse.

Why it matters

This investment will advance a comprehensive lifecycle upgrade of essential systems that support patient care, hospital operations and medical services throughout Central New York, strengthening Upstate's clinical and diagnostic capabilities and ensuring it continues delivering high-quality care supported by modern infrastructure.

The details

The $35.4 million equipment purchases include a replacement linear accelerator supporting radiation oncology services, perioperative and surgical equipment upgrades, laboratory automation equipment, patient monitoring and infusion systems, and fire alarm replacement and life-safety infrastructure upgrades. Upstate will deploy this equipment across its downtown and community campuses as part of its ongoing modernization of core clinical and operational systems.

  • DASNY announced the closing of the $35.4 million financing on March 16, 2026.

The players

DASNY

The Dormitory Authority of the State of New York is New York State's capital project development authority, financing and constructing sustainable and resilient science, health and education institutions.

SUNY Upstate Medical University

A public medical school and academic medical center located in Syracuse, New York, serving Central New York.

Robert J. Rodriguez

DASNY President & CEO

Robert Corona

DO, MBA, Chief Executive Officer of Upstate University Hospital

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What they’re saying

“Through DASNY's Tax Exempt Leasing Program, we are providing SUNY Upstate Medical University with a cost-effective financing solution that supports critical equipment investments while preserving operational flexibility.”

— Robert J. Rodriguez, DASNY President & CEO (oneidadispatch.com)

“Upstate Medical University plays a vital role in the health and well-being of Central New York. By investing in essential equipment across our Downtown and Community campuses, we are strengthening the efficiency and resiliency of our health system while ensuring we remain prepared to meet the evolving healthcare needs of Central New York.”

— Robert Corona, DO, MBA, Chief Executive Officer of Upstate University Hospital (oneidadispatch.com)

What’s next

DASNY and SUNY Upstate Medical University will work together to deploy the new equipment across the university's campuses in the coming months.

The takeaway

This financing from DASNY will enable SUNY Upstate Medical University to modernize its clinical, surgical, diagnostic and IT infrastructure, strengthening its ability to deliver high-quality healthcare to the Central New York region.