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 $2,000,000 medical accounts receivable financing facility with a mental health disorders and substance abuse center based in New Jersey (“Company”).
The Company was founded in 2020 and provides high quality, local, professionalized, community-centric treatment therapies tailored to the unique needs of each patient. The personalized plans focus on building resilience, developing healthy coping mechanisms, and equipping individuals with the tools needed for a sustainable recovery.
Alleon was approached by the Company with a request to leverage its accounts receivable asset in order to acquire a second substance abuse facility in Massachusetts. 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.
“We have been working with substance abuse clinics since our inception in 2009 and this is the first facility we financed that is in our own backyard. It’s a very rewarding feeling to be making a difference in our own community.” said Ben Malyar, 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. Since 2009, Alleon has worked 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.