Alleon Healthcare Closes Medical A/R Facility
Alleon Healthcare Capital announced the recent closing of a $750,000 medical accounts receivable financing facility with CareLinc Options.
The transaction was structured with a borrowing base made up of medical accounts receivable that were billed to government and commercial insurance carriers.
St. Louis, MO-based CareLinc is an integrated health and wellness company utilizing a niche approach to organizing health management solutions in community settings for three targeted populations seniors, employers and school-age children.
Catherine Dulle, president of CareLinc says, “Alleon provided us both with an initial capital infusion that allowed us to get ahead of our operating cash-flow needs as well as with the ability to budget our on-going cash needs based upon a predictability of a consistent lending formula and schedule. Since becoming our primary lender, the applied experience and comprehensive knowledge of the healthcare industry which they have demonstrated, the clarity and efficiency of their lending processes, and the incredible access and responsiveness of each of their key executives and lending officers have provided our companies with a true lending partner who understands our businesses, responds quickly to our needs for information and action, and has provided us with a critical financing platform on which to move forward into our future.”