Alleon Healthcare Capital, a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring and cash flow solutions to medical providers in the U.S., recently closed a $3,000,000 medical accounts receivable financing facility with a post-acute care medical staffing company based in Georgia.
Alleon was approached by the company with a request to leverage its accounts receivable asset in order to refinance existing debt and provide working capital for future growth. Alleon was able to structure the transaction as a financing facility secured by medical accounts receivable that are billed to commercial and government insurance carriers.
“This segment of the medical industry relies heavily on high quality staffing in order to serve its patients,” Ben Malyar, vice president of business development at Alleon, said. “We are happy to provide this facility and become part of the growth story of this company.”
