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MedChoice Financial and SurgeryLoans.com Announce Joint Venture

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Combination of One of America's Leading Patient Financing Programs and the World's Most Recognized Cosmetic Surgery Financing Brands Will Join to Become the No. 1 Patient Financing Solution for Patients and Practices

MedChoice Financial, a leading provider of Patient Financing, today announced it has created a Joint Venture and expanded its prior agreement with SurgeryLoans.com, the leading originator in patient financing. Under terms of the agreement, MedChoice will provide its lending program, and through the expanded agreement, will now provide SurgeryLoans.com with automated loan processing and servicing. The new prime program will be SurgeryLoans.com's exclusive offering. SurgeryLoans.com facilitates more originations per year with online and in-office applications than any other independent patient financing company.

"Creating this agreement and expanding our relationship with MedChoice Financial is a major pillar in our strategic plan," said Cameron Kargl, CEO of SurgeryLoans.com. "Over the course of our partnership, we have greatly benefited from MedChoice's industry expertise and flexible credit and marketing services to help us grow our business. We expect to make major inroads with our target market and capture a significant amount of market share in the coming years ahead."

"We are delighted to expand our relationship with SurgeryLoans.com and believe this agreement reflects their confidence in MedChoice's credit solutions," said Michael Harbaugh, President of MedChoice Financial. "We believe that SurgeryLoans.com can give us a channel of distribution that is outside of our core competence. What we have already experienced in this channel has been a positive experience for our company -- now we believe that by offering our wide-range of solutions to Surgeryloans.com, we can help grow this channel significantly."

Terms of the deal were not disclosed.

During the last five years, Patient Financing has witnessed significant growth, and according to industry analysts, the market is expected to climb to over $8 billion in the next 5 years.

MedChoice and SurgeryLoans.com joint venture supports the companies' respective strategies to further enable and support plastic surgery providers in their efforts to reach a larger buying audience.

The service will be co-branded, and is available immediately.

About MedChoice Financial

MedChoice Financial is the leading provider of patient funding, managing thousands of patients and provider relationships across the United States. Headquartered in Fort Lauderdale, MedChoice is the fastest growing Patient Financing Company in the United States. For more information about the company, visit its web site, http://www.medchoicefinancial.com.

About SurgeryLoans.com

For over 10 years, SurgeryLoans.com has been the leading provider and referral service for patients and providers in America. SurgeryLoans.com is the No. 1 Internet brand for patient financing and the most trafficked Internet destination for surgery loans products worldwide. Headquartered in Irvine, Calif., SurgeryLoans provides superior customer service to its thousands of providers in all 50 States.

http://www.surgeryloans.com



 
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Updated: 10:15 PDT     1818

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