Alleon Healthcare Capital, LLC (“Alleon”), 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 medical accounts receivable factoring facility with a home health and medical device company (“Company”).
The Company was founded in 2011 and is a durable medical equipment and home healthcare company headquartered in Tampa, FL that specializes in providing services to patients involved in work related accidents. It operates in all 50 states, and serves patients through its extensive provider network of over 2,000 fully credentialed in-network providers.
Alleon was approached by Company with a request to leverage its accounts receivable in order to improve liquidity and support its expansion efforts. The transaction was structured as a medical accounts receivable factoring facility, allowing the Company to access working capital by advancing funds against its outstanding receivables from workers compensation insurance carriers and other third-party payers.
“The Company has built a strong reputation for delivering top-tier healthcare services, and we are thrilled to support their continued growth with this facility,” said Ben Rutkevitz, V.P. of Business Development at Alleon.
About Alleon:
Alleon Healthcare Capital, a division of Alleon Capital Partners LLC, is a specialty finance company focused on providing cash flow solutions for healthcare providers in the U.S. that are unable to secure financing through conventional sources. Alleon works with providers nationwide, as long as they receive payments from Medicare, Medicaid, Commercial Insurances, Private Insurances, HMO/PPOs, Managed Care, No-Fault/PIP carriers, Worker’s Compensation carriers, and Letter of Protection (Personal Injury) cases.