Alleon Healthcare Capital Provides $2,500,000 Accounts Receivable Financing Facility to a NJ-Based Pharmaceutical Company
Alleon Healthcare Capital (“Alleon”), a healthcare receivables financing company, is pleased to announce the closing of a $2,500,000 accounts receivable line of credit to a global generic and specialty pharmaceutical company headquartered in New Jersey (“Company”).
The Company develops, markets, and distributes a diverse portfolio of high-volume and limited-competition pharmaceutical products across the United States, United Kingdom, and other regulated markets.
After undergoing a strategic realignment that shifted production to co-manufacturing partnerships, the Company achieved a successful turnaround, reaching profitability in 2024 and is continuing to show strong growth in 2025. The proceeds of Alleon’s financing will be used to refinance existing short-term debt and provide additional working capital for inventory purchases and ongoing operations.
Under the terms of the facility, Alleon provided an accounts receivable line of credit, advancing up to 85% of eligible receivables with a borrowing base secured by a first-priority lien on all assets. The collateral primarily consists of receivables due from major pharmaceutical wholesalers and distributors that includes Cardinal Health, McKesson, AmerisourceBergen, and others.
“We are pleased to develop our relationship with this client and support its next phase of growth. The management team executed a remarkable turnaround, positioning the company for long-term success within the competitive generic pharmaceutical market,” said Ben Rutkevitz, VP of Business Development at Alleon Healthcare Capital.
About Alleon Healthcare Capital
Alleon Healthcare Capital, based in Teaneck, New Jersey, is a specialty finance company that provides innovative funding solutions to healthcare providers and businesses nationwide. Alleon offers accounts receivable financing, medical factoring, and working capital solutions designed to improve cash flow and support growth across the healthcare industry.
For more information, visit www.alleonhealthcare.com or contact:
Ben Rutkevitz
Vice President, Business Development
Alleon Healthcare Capital
Email: Benr@alleoncapital.com
Phone: (201) 340-6346