Published: June 20, 2006
MedChoice Financial and SurgeryLoans.com Announce Joint Venture
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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