It was apparently used in a hospital.
What is the Kva rating? It will say on the data plate.
Does it say ’Medical Grade’ anywhere on it?
If yes:
Most medical grade isolation transformer I have ran across float the secondary winding above ground. That means both AC Line contacts on the receptacle outlets are fed from Hot ungrounded legs, conductors. Neither of the two hot conductors have a reference to ground. Therein, not to the metal case/enclosure of the transformer or to the ground contact of the receptacle outlets.
I would suggest you use a volt meter and measure for voltage from both contacts to the equipment ground contact on the outlets.
If the isolation transformer is wired as a Grounded Power System:
Short slot of the outlet to equipment ground should measure 120VAC nominal. (You said it runs 124Vac.)Longer slot of the two, or ’T’ slot, the neutral contact should measure a solid zero volts to ground.
If the isolation transformer was left ungrounded then you have an Isolated Power System. Any voltage readings from either contact to ground will be phantom voltage. Usually a digital meter reading will be all over the place and will not hold steady.
Medical grade transformers are meant to be used by qualified personnel only.
If your transformer floats the secondary above ground you should have an electrician wire it as a grounded power system. It’s simple do.
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