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Home Deal Announcements

Alleon Provides a $5MM Accounts Receivable Financing Facility to Health Organization

byBrianna Wilson
November 13, 2024
in Deal Announcements

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 $5 million medical accounts receivable financing facility with an occupational health organization based in California._x000D_
_x000D_
Alleon was approached by the company with a request to leverage its accounts receivable asset in order to improve liquidity and assist with future growth plans. Alleon was able to structure the transaction as a financing facility made up of medical accounts receivable that are billed to commercial insurance carriers at an advance rate of 80%._x000D_
_x000D_
“The company’s mission is to become the largest occupational therapy provider in California, and we are extremely excited to help with its goal,” Ben Malyar, vice president of business development at Alleon, said.

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