Dental and medical equipment lessor HPSC Inc is planning a term securitization within the next few months, but has yet to choose an underwriter. The company last graced the market in December 2000, with a $500 million offering via Credit Suisse First Boston.

Meanwhile, the Boston-based company reported last week that a former employee had fraudulently siphoned $5 million from its accounts receivables factoring program over the past four to five years.

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