Alleon Healthcare Capital Closes a $750,000 Medical Accounts Receivable Financing Facility with a Missouri Care Coordinator

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Oct 02, 2014, 03:47 ET

ENGLEWOOD, N.J., Oct. 2, 2014 /PRNewswire/ -- Alleon Healthcare Capital ("Alleon"), the healthcare group of Alleon Capital Partners, LLC focused on providing medical receivables financing, factoring, and cash flow solutions to medical providers in the U.S., announces the recent closing of a $750,000 medical accounts receivable financing facility with CareLinc Options, LLC ("CareLinc").

Headquartered in St. Louis, MO, CareLinc is an integrated health and wellness company utilizing a niche approach to organizing health management solutions in community settings for three targeted populations: Seniors, Employers and School-age Children. CareLinc's objective is to improve the health and wellness status of individuals and communities by building engaging, person-centered solutions in partnership with consumers and organizations that share our vision.

Catherine Dulle, President of CareLinc says, "Alleon provided us both with an initial capital infusion that allowed us to get ahead of our operating cash-flow needs as well as with the ability to budget our on-going cash needs based upon a predictability of a consistent lending formula and schedule. Since becoming our primary lender, the applied experience and comprehensive knowledge of the healthcare industry which they have demonstrated, the clarity and efficiency of their lending processes, and the incredible access and responsiveness of each of their key executives and lending officers have provided our companies with a true lending "partner" who understands our businesses, responds quickly to our needs for information and action, and has provided us with a critical financing platform on which to move forward into our future."

The transaction was structured with a borrowing base made up of medical accounts receivable that were billed to government and commercial insurance carriers.

"The CareLinc group is made up of numerous entities with several product lines. We had to quickly analyze each piece and put them together in order to close the deal and create one borrowing base. We look forward to seeing CareLinc expand its operations," adds Leon Chernyavsky, Alleon's Managing Partner.

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.

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SOURCE Alleon Healthcare Capital