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Capital One Closes $50MM Senior Facility for AccessOne

February 28, 2017, 07:50 AM
Filed Under: Healthcare

Capital One announced that it provided a five-year, $50 million senior ABL credit facility to AccessOne, Inc., a leading provider of patient payment options designed to help patients manage their healthcare costs. AccessOne will use the proceeds to replace and expand an existing facility and to provide working capital to fund future growth. Headquartered in Fort Mill, South Carolina, AccessOne currently serves hospitals in North Carolina, Florida, Georgia, South Carolina and Tennessee.

“We have known the AccessOne team for more than a decade, and we’re excited to be their financial partner in this phase of expanded growth,” said Al Aria, Senior Managing Director at Capital One Healthcare. “They needed a flexible loan structure, and our team brought both the healthcare industry knowledge and state of the art cash management services that AccessOne required.”

“AccessOne’s successful recapitalization is a great step forward for our company, as well as for the healthcare providers and patients we serve,” said Mark Spinner, Chief Executive Officer of AccessOne. “We are very pleased to have a top national bank like Capital One, with significant healthcare and consumer experience, as a national partner.” In addition to the facility, Capital One will provide AccessOne with treasury management services.

Capital One Healthcare is a leading provider of financial services to the industry. Customers across healthcare sectors—including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices—rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers.

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