FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Ares Commercial Finance Provides $17.5MM to Automated HealthCare Solutions

September 14, 2016, 07:39 AM
Filed Under: Technology

Ares Commercial Finance announced that it has provided a $17.5 million credit facility to Automated HealthCare Solutions, LLC, a Miramar, FL-based multi-faceted healthcare technology provider that operates nationwide.  Automated HealthCare Solutions specializes in empowering healthcare providers to maximize patient care through point-of-care medication dispensing.  The company’s proprietary software platform provides revenue cycle management as well as insurance eligibility and verification services to physicians, clinics, pharmacies and hospitals, as well as patients. The senior credit facility consists of a working capital revolver that will facilitate growth.  The company is owned by ABRY Partners and its founders. 

Ares Commercial Finance (“ACF”) is the asset-based lending group for Ares Management, L.P. providing asset-based revolving lines of credit and term loans, as well as stretch loans to middle market and lower-middle market companies.  In addition, ACF has the ability to provide cash flow loans to certain borrowers as well as asset-backed facilities to specialty finance companies.  Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to understand their business, goals and needs and then deliver creative, flexible and comprehensive financing solutions.  ACF’s asset-based lines of credit may be structured as working capital and bridge financing, special accommodation financing, turnaround financing, debtor-in-possession financing and acquisition financing.  ACF’s asset-based lending practice focuses on privately-held and small public companies in the middle market and addresses a wide breadth of industries including manufacturing, distribution, wholesale and service companies.
Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $95 billion of assets under management as of June 30, 2016 and more than 15 offices in the United States, Europe and Asia.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.