U.S. fintech Covered Care Scores $100 Million Financing Line From Fortress Investment Group
Summary
Covered Care, a division of Covered, announced on Wednesday it secured a $100 million financing line from funds and accounts managed by Fortress Investment Group LLC, a global investment manager. Covered Care was notably founded by a group of fintech industry veterans to provide better healthcare financing solutions for underserved Americans. “Using new technology and analytics, Covered Care enables medical professionals to offer affordable financing for nearly all of their patients. There are few things more important than ensuring that every American receives the healthcare they need and that they can pay for it over time, regardless of their credit score. We have been impressed with Covered Care’s unique offering and we are very pleased to support their mission of increasing access to affordable credit at a time of urgent demand.”