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Ally Financial announced a major acquisition

Oct 02, 2019

Ally Financial announces the completion of the acquisition of Health Credit Services

Ally Financial announced a major acquisition. Source: shutterstock.com

Ally Financial announced that it has completed the acquisition of Health Credit Services, a technology-driven patient financing company that partners with medical providers to offer patient financing for products and procedures not covered by insurance.

HCS services medical providers in all 50 states across a variety of specialties such as cosmetic, dental, audiology, orthopedic, vision, and fertility to provide affordable financial solutions for consumers through?a fully digital application process.?The financing solutions create new opportunities for providers to naturally engage with patients to offer solutions for costs not covered by health insurance.

HCS was founded on the belief that we could make a real difference in people's lives, and this agreement is another significant step forward towards that goal. I believe the combined power of Ally and HCS will afford our clients a broader, more diverse set of opportunities that will accelerate our ability to deliver market-leading products, services and experiences
Hans Zandhuis, Health Credit Services Chief Executive Officer

HCS, based in?Charlotte, has approximately 85 employees and is an indirect subsidiary of?Ally Bank. The existing management team of HCS will continue to lead this business as part of the Ally organization.

SEE ALSO:?Digital Banking Age: how to remain competitive

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