Aledade announces credit facility of $500m to support growth

Core Insights - Aledade, a US-based independent primary care provider network, has secured a $500 million senior secured credit facility from Ares Commercial Finance to support its growth initiatives [1][3] - The credit facility doubles Aledade's existing financing capacity and has the potential to expand to $650 million [1] - Aledade is a participant in the Medicare Shared Savings Program (MSSP), focusing on helping primary care organizations transition to value-based care models [1] Financial Performance - In 2024, Aledade's MSSP Accountable Care Organizations (ACOs) generated savings of $1 billion [2] - The new credit facility will provide Aledade with working capital flexibility to manage expenses and assist partners in transitioning from fee-for-service to value-based care [2] Operational Scope - Aledade collaborates with over 20,000 clinicians across 2,400 practices and community health centers in 46 states, delivering value-based care programs to nearly three million Medicare patients [2] - The CEO of Aledade emphasized that the working capital facility will help bridge the timing gap in Medicare payments and allow for accelerated shared savings distributions to clinician partners [3] Strategic Importance - Ares Commercial Finance expressed enthusiasm in supporting Aledade's growth plans, highlighting the role of Aledade's technology in expanding value-based primary care nationally, benefiting both patients and physicians [3]