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Experity Ventures Acquires ProMed Capital to Add Financing Solutions to Personal Injury Litigation Ecosystem
Wednesday 15 July 2020

US-based Experity Ventures LLC has acquired 100% of the equity of ProMed Capital Venture LLC, a provider of financing to medical practices and facilities in the United States, to enhance financing solutions to the personal injury litigation ecosystem, the company said.

The financial terms of the transaction were not disclosed.

The ProMed platform enhances Experity's plan to be the provider of technology-enabled, creative financing solutions to the personal injury litigation ecosystem.

Bryant Park Capital served as exclusive financial advisor to ProMed.

ProMed is a provider of medical receivable funding solutions. ProMed partners with healthcare providers, surgery centres and diagnostic and related facilities throughout the US that provide patient care in exchange for medial liens or medical letters of protection (MLOPs).

Experity Ventures is the parent company for several speciality finance and legal funding related services businesses in the United States. Companies include Nexify Capital and Nexify Solutions, MedSolve Financial Group and Thrivest Legal Funding, LLC/dba Thrivest Link.
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Date Published: 15/07/2020

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