Financial Advisor
CarePayment Technologies, Inc.
Debt Capital Markets
Senior Secured Revolving Credit Facility
Transaction Details
- On October 1, 2018, CarePayment Technologies, Inc. (“CarePayment” or the “Company”) entered into an asset-backed revolving credit facility provided by funds managed by affiliates of Ares Management L.P.
- The facility will enable the Company to continue to meet strong demand from both providers and patients for its comprehensive, flexible and affordable, 0.00% APR payment plan solutions
- CarePayment partners with healthcare providers throughout the U.S. to provide flexible, affordable payment programs to patients with no application and no risk to credit score
- Stephens Inc. acted as Financial Advisor to CarePayment in this transaction
About the company
CarePayment is a patient financial engagement company that accelerates providers' transition to the new consumer-driven healthcare market. Powered by advanced technology and analytics, its innovative patient financing solutions improve patient satisfaction and loyalty while delivering superior financial results. By partnering with healthcare providers to make affordable financial options available, CarePayment helps patients get the care they need, when they need it, while protecting the financial health of provider organizations so they can continue to offer valuable care to the community.
Sources: Company press release.
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