Our Successes
Healthcare consulting group gets funded
Our new client came to us looking for funding for an important growth opportunity. This company provides an invaluable service to both hospitals and patients by handling all the intake processes and paperwork associated with getting uninsured people coverage through government programs like Medi-Cal and SSDI. Already operating in three states, they had the chance to move into a group of hospitals in a fourth state, thereby increasing their revenue substantially—but they needed capital to make it work.
We were able to work through several challenges with the business—including a bank pay-off—and get them funded in time to ramp up their new operations in Minnesota.
Successful anesthesia practice uses funds to expand
A very successful Chicago-area anesthesia services company contacted us needing capital to expand their practice. They had tremendous growth opportunity, but were caught between covering the costs to add more doctors and the unpredictable payment cycle of insurance companies. Balancing the lag time between hiring a new doctors and having them start generating revenue was constraining the company. We analyzed the business and saw that it was an ideal fit to be one of our customers.
We then helped them coordinate a move to a bank familiar with the processes we needed in place to fund, worked through the intricacies involved with switching billing addresses on Medicare and third-party insurers, and were able to fund.
$1MM AZ Rural Hospital - Deal Done
A rural Arizona hospital had challenging cash flow issues and a recent change in CF0. In spite of this, Meritus still got the deal done - $1,000,000.00 - to improve operations and cash flow.