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Prosper buys American Healthcare Lending to expand into financing medical procedures
Silicon Valley Business Journal

San Francisco-based Prosper Marketplace said Tuesday it purchased American Healthcare Lending for $21 million in cash to expand into the burgeoning business of financing elective medical services. The Salt Lake City company finances a variety of elective procedures often not fully covered by insurance, such as cosmetic dentistry, bariatric surgery, fertility treatments and plastic surgery. American Healthcare Lending has pioneered a cloud-based financing service that cuts costs for providers while giving patients online access in the provider’s office, at home or on mobile devices.

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