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Comvest Capital Announces Investment in CarePayment Technologies, Inc.

August 08, 2017, 07:00 AM
Filed Under: Medical

Comvest Partners, through its lending strategy, Comvest Capital, has acted as Administrative Agent and Lender in providing a $90.0 million senior secured credit facility for CarePayment Technologies, Inc., a patient financial engagement company that partners with healthcare providers to offer patients zero percent interest payment programs.

"CarePayment has experienced very strong growth in the first half of 2017," said Craig Hodges, CEO of CarePayment. "To stay well ahead of the demand, we were looking for a strategic partner for a new credit facility, and found it with Comvest Partners. The help provided by the Comvest financing will allow CarePayment to satisfy our mission to work with healthcare providers to offer affordable, consumer-friendly financing solutions to all patients who struggle with their medical expenses."

"CarePayment is led by an exceptional management team with an outstanding reputation. The Company is well positioned in the industry and we look forward to supporting their growth initiatives in the years to come," said Jason Gelberd, Partner at Comvest.

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