Linc Group and Anthem Financial will merge their equipment leasing subsidiaries into a single business, Linc Anthem Corp.
The move will allow the companies to obtain lower-cost financing, which they said will be passed on to customers through lower leasing rates. Other subsidiaries of Linc and Anthem will continue independent operations.
Linc is a privately held, Chicago-based company with interests in equipment leasing, refurbishing, accounts receivable financing and imaging-center management.
Anthem is a subsidiary of Indianapolis-based Associated Group, a network of insurance and financial services companies.