Daily News: April 22, 2013

Alleon Capital Closes A/R Factoring Deal with MRI Center

Alleon Capital Partners announced the closing of a $2 million medical factoring facility to an OH-based medical imaging center.

The medical provider sought funding to add a fourth location and purchase a new MRI machine. Additionally, capital was needed to digitize existing MammoVans, several vans which are used to perform on site mammograms for local businesses.

“Our medical factoring facility is especially useful for providers who are looking to grow their practice. Due to the time gap between dates of service and payments from insurance carriers, many medical providers who are experiencing growth have a hard time meeting cash-flow needs. We are happy to help the provider manage his cash-flow so he can better serve his community. said Ben Rutkevitz, head of business development.

Englewood, NJ-based Alleon Capital Partners is a specialty finance company focused on providing capital solutions to medical providers that are unable to secure financing through conventional sources.