Daily News: May 14, 2014

Aequitas Capital Secures $60MM Facility with BofA Merrill Lynch

Aequitas Capital announced it reached an agreement with Bank of America Merrill Lynch for a three-year credit facility of up to $60 million to support Aequitas’ funding commitment to the CarePayment healthcare finance program.

CarePayment is one of several Aequitas portfolio companies whose operation benefits from the Aequitas finance and operating platform. CarePayment partners with healthcare providers to provide patients access to 0.0% APR financing for up to 72 months to pay for out-of-pocket medical expenses.

“Aequitas is extremely pleased about its new relationship with Bank of America Merrill Lynch and looks forward to more collaboration in the years ahead,” said Aequitas CFO Olaf Janke.

“Aequitas Capital has developed an innovative and sustainable finance structure to support the CarePayment program,” said Roger Hinshaw, Bank of America Merrill Lynch president for Oregon and Southwest Washington. “With funding from Aequitas, the CarePayment program is able to deliver value to every participant in the purchase cycle, benefiting healthcare providers and patients.”

Headquartered in Lake Oswego, Oregon, CarePayment is a healthcare finance company that helps people manage their out-of-pocket medical expenses byy partnering with healthcare providers to make affordable financial options available.

Aequitas Capital is an alternative investment management company.