The amount of the deal was not disclosed.
The company intends to use the funds for its growth initiatives.
Led by Craig Hodges, CEO, and and Ed Caldwell, Chief Revenue Officer, CarePayment offers a financing solution that – powered by advanced technology and analytics – aims to help patients meet their financial obligations and protect their financial health while helping providers reduce bad debt and improve cash flow.
The company’s financing is compliant with applicable state and federal consumer credit laws, and is supported by a US-based customer service staff. Accounts for the program are issued by WebBank, Member FDIC.