Bethesda, Md.-based Aledade secured a $500 million senior secured credit facility from Ares Commercial Finance, according to a Dec. 1 news release from the primary care network.
The credit facility has the potential to increase to $650 million. It will supply Aledade with working capital flexibility to aid with expenses and help partners transition from fee-for-service models to value-based care.
“This working capital facility provides Aledade with the flexibility to bridge the natural timing gap in Medicare payments and the capacity to expand as we continue to scale our business,” said Farzad Mostashari, MD, co-founder and CEO of Aledade. “This allows us to accelerate shared savings distributions to our clinician partners, enabling them to reinvest in their patients and practices sooner to sustain our momentum in value-based care.”
Aledade’s ACOs saved $1 billion through the Medicare Shared Savings Program in 2024.
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