Alleon Announces $25,000,000 Medical AR Financing Facility for Infusion Pharmacy in New Jersey

Alleon announces it recently provided a $25 million medical receivables financing facility to an infusion pharmacy (Company). The Company is located in New Jersey and specializes in Infusion pharmacy services for homecare patients. The facility is secured by medical insurance accounts receivable with an advance rate of 85%.  The Company is using the proceeds of the facility for working capital, a partner buyout and to facilitate its growth.