Navigation Links
Medical Factoring and Finance Company Alleon Capital Partners Closes a Financing Facility with Lab Serving Dialysis Patients
Date:11/5/2013

Englewood, NJ (PRWEB) November 05, 2013

Alleon Capital Partners, LLC (“Alleon”), a medical factoring and financing company headquartered in Englewood N.J., announces the closing of a $2,000,000 medical accounts receivable financing facility with Nationwide Laboratory Services, Inc. (“Nationwide”).

Nationwide, headquartered in Ft. Lauderdale, FL, is a leading provider of general medical diagnostic services, as well as diagnostic services to end stage renal disease (“ESRD” or dialysis) patients. Nationwide was founded in 1996, is one of the largest independent ESRD labs in the US which is not affiliated with one of the major dialysis providers, and serves approximately 250 dialysis clinics.

Nationwide recently enhanced its equipment and information technology and approached Alleon with an ambitious growth plan that required working capital. After carefully evaluating Nationwide’s business plan, Alleon saw the need for an accounts receivable line of credit to support Nationwide's leadership position in the industry. "Alleon Capital understands medical finance better than any of the other institutions we spoke to and tailored a funding program to meet our specific requirements. A knowledgeable and strong banking relationship is essential for success and we are pleased with Alleon," noted Mark Delahunty, Nationwide’s Chief Executive Officer.

The transaction was structured as a credit facility with a borrowing base made up of medical accounts receivable that were billed to major commercial insurance carriers and specialty providers.

Alleon Capital Partners is a specialty finance company focused on providing capital solutions to medical providers 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. To contact Alleon, please call Ben Rutkevitz at 201-340-6346 or email him at benr(at)alleoncapital(dot)com. You can also visit Alleon Capital Partners at http://alleoncapital.com or its blog at http://medicalfinancingreceivables.co/.

Read the full story at http://www.prweb.com/releases/medicalfactoring/alleoncapital/prweb11277892.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Mobile Health Joins National Registry of Certified Medical Examiners for DOT Exams in New York City
2. Career Step Announces New Career Training Program for Medical Coding Field
3. Mission: Medical Spanish - Canopy Apps & AMSA Partnership to Drive Medical Spanish Training at All 173 Medical Schools
4. Community health centers integrate mental and medical services to address care gap
5. New computing model could lead to quicker advancements in medical research, according to Virginia Tech
6. Researchers warn of the myths of global medical tourism
7. Novus Medical Detox Comments on Proposed California Bill—Drug Users Need Treatment Instead of Prison Sentences
8. Miami Nonprofit Jose’s Hands Gains Distinction as Leader in Connecting Medical Mission Community and Sparking Philanthropic Activity Among Millennial Generation
9. Shawnee Mission Medical Center Engages B. E. Smith Management Consulting Practice for Care Management Project
10. New Family Medicine Physician Joining Columbus Medical Team
11. Diet Doc Hormone Diets & Weight Loss Plans Announces Medical Diet Plans for Safe & Fast Weight Loss Leading to Less Risk of Sleep Disorders & Heart Damage
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... ... May 24, 2016 , ... ... , Roberta Jordan is a Certified Nurse Midwife who was born and ... and then went on to complete her masters degree from the University of ...
(Date:5/24/2016)... ... May 24, 2016 , ... ... services today announced a strategic partnership with Five9 (Nasdaq: FIVN), a leading ... one of Avaya’s largest Platinum Business Partners, is a leading provider of ...
(Date:5/24/2016)... ... 24, 2016 , ... New Brunswick, New Jersey: This year marks Children’s Specialized ... potential. To commemorate the anniversary, the hospital has themed the milestone “Hats Off” and ... Specialized Hospital Foundation on Saturday, May 21, at Johnson Park in Piscataway, New Jersey. ...
(Date:5/24/2016)... ... May 24, 2016 , ... Loma Linda University Health ... adult hospital and expanded Children’s Hospital. Over 3,000 people looked on as the shovels ... out the event photo slidehsow. , During the program, Richard H. Hart, MD, ...
(Date:5/24/2016)... ... May 24, 2016 , ... A newly released report reveals that ... access to trusted resources, both in face-to-face interactions and online. In “Heard, Not Judged ... concluded that the creative use of mobile digital devices can be an effective tool ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... Mich. , May 23, 2016 Diplomat Pharmacy, ... third annual Fellowship and Internship programs. The hands-on learning ... The full-time, paid Fellowship and ... Flint, Michigan . Fellows and interns are provided ... Flint at the Riverfront Residence ...
(Date:5/23/2016)... May 23, 2016 The World Health Organization (WHO) ... device to include adolescents aged 13 years, and above. Effective ... offered for adult and adolescent males in the 14 priority ... PrePex was the first male circumcision device to receive WHO ... Eddy Horowitz said: " The expanded ...
(Date:5/23/2016)... 23, 2016 The global  reprocessed ... billion by 2022, according to a new study by ... waste coupled with the lack of centralized support for ... drive the demand for reprocessed medical devices market. Additionally, ... to that of the original device is the high ...
Breaking Medicine Technology: