Prosper Marketplace Acquires American HealthCare Lending for $21M
Summary
Prosper Marketplace, a peer-to-peer lending company, acquired American HealthCare Lending, a Salt Lake City, Utah-based patient financing platform, for $21m in cash.Led by Shaun Sorensen, CEO, American HealthCare Lending has developed a cloud-based patient financing platform integrated with some trusted lenders to give its nationwide network of healthcare providers in the cosmetic dentistry, bariatric surgery, fertility, plastic surgery, and other markets the ability to offer affordable payment options to consumers.The acquisition allows Prosper to expand product offerings and capabilities into new vertical markets.Led by Aaron Vermut, CEO, Prosper Marketplace connects people who want to borrow money with people who want to invest money.In total, more than $2.5 billion in loans have been facilitated on the platform to over 250,000 borrowers.
Funding
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