Alleon Healthcare Capital closed a $5 million medical receivables financing facility with a Medicare certified home health agency in Louisiana.

The company provides skilled nurses, occupational therapists, home health aides, physical therapists, speech therapists and medical social workers to patients that are recuperating from an illness or need medical observation in their homes.

The transaction was structured as a revolving financing facility made up of medical receivables that are billed to government and commercial health insurance carriers. Alleon advanced up to 75% on eligible receivables with no amortization, allowing the company to make interest only payments and have enough cash on hand for operations.

“Alleon was happy to work with a company providing such important work in its community. We were able to look past the tax liabilities, pay them off, and were confident that management was steering the Company in the right direction with our medical receivables financing facility,” said Ben Rutkevitz, VP of Business Development at Alleon.

Alleon Healthcare Capital, a division of Alleon Capital Partners, is a specialty finance company focused on providing cash flow solutions for healthcare providers in the U.S.