Alleon Healthcare Capital Closes a $1,500,000 Medical Accounts Receivable Financing Facility with a Sub-acute Pediatric Facility
by Alleon Capital on 01/22/15 at 3:21 pm
ENGLEWOOD, N.J., January 20, 2015 /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 $1,500,000 medical accounts receivable financing facility with Sun Valley Specialty Healthcare (“Sun Valley”).
Headquartered in Sun Valley, CA, Sun Valley is a 45-bed pediatric sub-acute hospital dedicated to enriching the health and quality of life for children with special medical and/or therapy needs. Sun Valley has over 200 staff members trained to provide sub-acute care and rehabilitative services to children with challenges due to complications of premature birth, respiratory disease and other disorders.
“Alleon Capital proved to be efficient, professional, and comfortable to work with in achieving our financing goals. Their process was clear and the speed with which they managed the process and responded to communication was consistently prompt, thorough and patient. Alleon’s financing will provide us with a consistent revenue stream and seamless ability to bridge any temporary gaps in state funding. Lastly, our financing with Alleon gives us peace of mind on a daily, weekly, monthly and annual basis so we can focus our energies on the high quality care of medically fragile children,” said Robert Nydam, Sun Valley’s co-owner.
The transaction was structured with a borrowing base made up of medical accounts receivable that are billed to government and commercial insurance carriers.
Leon Chernyavsky, Alleon’s Managing Partner adds, “During the site visit it was clear to our team that Sun Valley was well run and provided a much needed service to its community. As a parent it was difficult to observe young children in critical medical conditions and we were happy to see the staff create a warm, playful and safe environment for those children, some of which called this hospital home. I am happy that we have the chance to add value and be part of Sun Valley’s growth.”
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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