Financial Advisor
AccessOne MedCard, Inc.
Debt Capital Markets
Revolver & Securitization Facility
Transaction Details
- On March 31, 2020, AccessOne MedCard, Inc. (“AccessOne” or the “Company”), a leading sponsor-backed provider of patient financing solutions designed to help individuals manage healthcare costs not covered by insurance, closed a new $230 million financing with PNC Bank which included a large securitization facility
- – Proceeds from the financing will be used to refinance the Company’s existing credit facility and fund future asset originations
- – The financing provides significant growth capital which will allow the Company to continue
- serving its provider clients while offering patients affordable financing solutions for medical care
- This transformative financing represents AccessOn
About the company
AccessOne MedCard, Inc.
AccessOne is a leading provider of flexible, co-branded patient financing solutions. Founded by providers, the Company’s solution provides a consumer-focused experience which drives high patient satisfaction for its clients. AccessOne has helped over one million consumers afford out-of-pocket medical expenses for health systems nationwide. The Company offers the most comprehensive platform in the industry with funding models that help more providers and programs that reach more consumers. All patients qualify for the program with no credit reporting or negative outcomes. To learn more, visit www.accessonemedcard.com or connect on LinkedIn.
Sources: Company Provided and Publicly Available Information
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