On January 1, 2024, Blue Co. enters into a contract to lease medical equipment from Green Co. for 5 years. Green Co. puts the patient-monitoring equipment in Blue Co.'s premise. The equipment requires the use of disposable consumables that connect the monitoring equipment to the patient. Although the contract requires Blue Co. to purchase the consumables from Green Co., consumables that function with the monitoring equipment are readily available from other suppliers. Blue Co. determines how and when the equipment is used and operates the equipment to monitor patients.

Does the contract contain a lease of the medical equipment per ASC 842?