Alleon Healthcare Capital (“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 an $8,000,000 accounts receivable financing facility with a Virginia-based professional services firm providing enterprise consulting, IT modernization, and healthcare innovation services. (“Company”).
The Company delivers skilled information technology systems integration, secure software lifecycle development, intelligence community support, and a range of program management and administrative support services to various federal government departments and agencies. The Company provides a suite of digital technology and IT infrastructures that enable organizations to succeed in ever-changing environments.
Alleon was approached by the Company with a request to leverage its accounts receivable balance to assist with working capital and the refinancing of existing debt. Alleon was able to structure the transaction as a financing facility made up of accounts receivable from various government agency contracts with an advance rate of 80% on eligible receivables.
“The Company observed first-hand the critical need to improve our nation’s health equity and increase overall access to public health resources. We are excited to assist in the change.” 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. 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.
