CarePayment Technologies Inc (EM) (CPYT)

$CYPT Nice move here..


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Recent CPYT news
Brian McCarthy Joins CarePayment as Senior Vice President and General Counsel (Photo: Business Wire)

April 26, 2018 03:18 PM Eastern Daylight Time
NASHVILLE, Tenn.--(BUSINESS WIRE)--CarePayment, a leading patient financial engagement company, today announced the appointment of Brian McCarthy as senior vice president and general counsel.

Based in Nashville, McCarthy will oversee CarePayment’s legal, compliance and human resources departments and will report directly to CarePayment CEO Craig Hodges.

“We are thrilled to welcome Brian to the team,” said Hodges. “It is an exciting time of growth and innovation for CarePayment, and Brian will be a tremendous asset as more healthcare providers recognize the need to offer their patients flexible payment options to help manage rising out-of-pocket healthcare costs. CarePayment’s unique engagement approach, and proven track record of increasing the financial health of both providers and their patients, continues to not only attract some of the most prestigious provider brands in the country, but also experienced, innovative talent like Brian.”

Before joining CarePayment, McCarthy served as vice president and general counsel at OccuSystems, Inc., a private-equity backed healthcare company headquartered in Nashville. McCarthy began his career in the structured finance group at Guggenheim Partners in Chicago. A licensed attorney, he holds a BBA in finance from the University of Notre Dame and a JD from the University of Notre Dame Law School.

McCarthy joins CarePayment at a time of record growth for the company. In the last year, the company has doubled the number of patients it serves, from 2.2 million in 2017 to 3.3 million today. Patient member numbers will continue to see exponential growth in the first half of 2018 due in large part to new partnerships with two large academic medical centers.

About CarePayment

CarePayment is a patient financial engagement company that accelerates providers' transition to the new consumer-driven healthcare market. Powered by advanced technology and analytics, its innovative patient financing solutions improve patient satisfaction and loyalty while delivering superior financial results. By partnering with healthcare providers to make affordable financial options available, CarePayment helps patients get the care they need, when they need it, while protecting the financial health of provider organizations so they can continue to offer valuable care to the community. CarePayment's patient-friendly financing is compliant with applicable state and federal consumer credit laws, requires no application, and is supported by a friendly US-based customer service staff. Accounts for the program are issued by Republic Bank & Trust Company, Member FDIC. Find more information at www.carepayment.com.

Contacts
For CarePayment
Ann Waller Curtis, 615-610-0317
annwaller.curtis@dvlseigenthaler.com



FEB 14, 2018
Fast-growing patient financing company CarePayment has picked up some more fuel from the bank holding company that acquired Tennessee Commerce Bank six years ago.

Republic Bank & Trust, which is based in Louisville, has committed to fund $35 million in CarePayment accounts — basically extending a line of credit to the Nashville-based company, which advances money to providers and then collects from patients via no-interest payment plans.

“We are very grateful for the support of Republic Bank during this critical period of growth for our company,” said CarePayment CEO Craig Hodges. “Their support allows us to continue to work with healthcare providers to offer their patients a compliantly structured, patient-friendly way to manage their medical expenses without fear of bankruptcy.”

CarePayment has in the past year grown its number of patient accounts to 3.3 million from 2.2 million while expanding its provider partner base.

Publicly traded Republic has about $5 billion in assets and runs 44 offices and a loan production office in five states. It acquired the majority of Tennessee Commerce’s loans and deposits after the Franklin-based bank ran into serious trouble on the back end of the last recession.

More CPYT news this month:

"Fast-growing patient financing company CarePayment has picked up some more fuel from the bank holding company that acquired Tennessee Commerce Bank six years ago.

Republic Bank & Trust, which is based in Louisville, has committed to fund $35 million in CarePayment accounts — basically extending a line of credit to the Nashville-based company, which advances money to providers and then collects from patients via no-interest payment plans."

“We are very grateful for the support of Republic Bank during this critical period of growth for our company,” said CarePayment CEO Craig Hodges. “Their support allows us to continue to work with healthcare providers to offer their patients a compliantly structured, patient-friendly way to manage their medical expenses without fear of bankruptcy.”

CarePayment has in the past year grown its number of patient accounts to 3.3 million from 2.2 million while expanding its provider partner base."

https://www.nashvillepost.com/business/health-care/article/20992641/carepayment-lands-account-funding-commitment

Looks like CPYT has partnered with DCS Global who:

With over 200+ hospitals using our solutions across 28+ states, DCS Global is positioned uniquely to address the significant payment challenges in the US healthcare market, which is estimated to cost close to a staggering half a trillion dollars annually.

http://www.dcsglobal.com/about-us.php

Interview here
https://www.insidearm.com/news/00043577-integrated-vendor-partnership-helps-hospi/

CPYT~~WEBSITE~~http://www.carepayment.com/

CPYT~~$41.5 million from investors earlier this year, plus a $90 million line of credit

"HEALTH CARE DEC 11, 2017 SHARE
CarePayment owners invest another $7.5M
Patient financial engagement company moved HQ here nearly a year ago

AUTHORS Geert De Lombaerde

The owners of patient financing company CarePayment have invested $7.5 million to sustain momentum that has led the local venture to grow its account base by half just this year.

Cedar Springs Capital and Crestline Investors took over CarePayment about a year ago, assuming the majority stake previously owned by Aequitas Capital Management, a Portland-based financial conglomerate that ran into serious trouble with regulators. Along with that investment, CarePayment CEO Craig Hodges and his team moved the company’s headquarters to Nashville to be closer to many of the customers for its products, which help patients manage health care expenses and providers collect more of their outstanding bills.

Nine months after announcing the HQ move, Hodges and his team are on a roll. They have grown their number of patient accounts to 3.3 million from 2.2 million about a year ago and made inroads with more for-profit hospitals and other providers, building on a client base that had been more focused on nonprofit and small or mid-sized institutions.

To keep things rolling, Cedar Springs and Crestline are putting more of their money to work in CarePayment, which is seeing more competitors emerge as greater attention is paid to the financial stresses on both patients and providers.”

https://www.nashvillepost.com/business/health-care/article/20985353/carepayment-owners-invest-another-75m


"HEALTH CARE AUG 07, 2017
CarePayment secures debt deal

AUTHORS Geert De Lombaerde

CarePayment Technologies, which works with providers and patients when the latter can’t immediately cover out-of-pocket costs, has landed a $90 million credit package from a firm headquartered in Florida.

Terms of Comvest Partners’ senior secured facility deal with Nashville-based CarePayment aren’t being disclosed. The transaction comes a few months after CarePayment CEO Craig Hodges moved the company’s headquarters here from Oregon, where it had been under the auspices of a financial conglomerate that ran into major trouble with the Securities and Exchange Commission.

"CarePayment has experienced very strong growth in the first half of 2017," Hodges said in a statement. "To stay well ahead of the demand, we were looking for a strategic partner for a new credit facility […] The help provided by the Comvest financing will allow CarePayment to satisfy our mission to work with healthcare providers to offer affordable, consumer-friendly financing solutions to all patients who struggle with their medical expenses."

Comvest has invested $2.7 billion in more than 150 companies since its launch in 2000. Worth noting: Managing Director Tom Goila joined the firm earlier this year from CarePayment."

According to the Nashville Post Carepayment has over 100 employees, has overseen 2.2 million accounts and has handled more than $1 billion in medical bills since 2004"

https://www.nashvillepost.com/business/health-care/article/20854765/patient-financial-engagement-venture-moves-hq-here

Form D filed 3/22/17 for $41.5 million
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11948773

Form D filed 12 12/7/17 for $7.5 million
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12420110

CPYT~~CarePayment owners invest another $7.5M
Patient financial engagement company moved HQ here nearly a year ago

AUTHORS Geert De Lombaerde

CPMT.png
The owners of patient financing company CarePayment have invested $7.5 million to sustain momentum that has led the local venture to grow its account base by half just this year.

Cedar Springs Capital and Crestline Investors took over CarePayment about a year ago, assuming the majority stake previously owned by Aequitas Capital Management, a Portland-based financial conglomerate that ran into serious trouble with regulators. Along with that investment, CarePayment CEO Craig Hodges and his team moved the company’s headquarters to Nashville to be closer to many of the customers for its products, which help patients manage health care expenses and providers collect more of their outstanding bills.

Nine months after announcing the HQ move, Hodges and his team are on a roll. They have grown their number of patient accounts to 3.3 million from 2.2 million about a year ago and made inroads with more for-profit hospitals and other providers, building on a client base that had been more focused on nonprofit and small or mid-sized institutions.

To keep things rolling, Cedar Springs and Crestline are putting more of their money to work in CarePayment, which is seeing more competitors emerge as greater attention is paid to the financial stresses on both patients and providers.

“We’re at the intersection of specialty finance and revenue cycle management,” Hodges said. “There are some complexities there that aren’t easy to greenfield. There is a long list of compliance issues and engagement tactics to ingratiate patients and providers.”
https://www.nashvillepost.com/business/health-care/article/20985353/carepayment-owners-invest-another-75m

CPYT~~CarePayment owners invest another $7.5M https://www.nashvillepost.com/business/health-care/article/20985353/carepayment-owners-invest-another-75m

CPYT~~will be MONSTA here

CPYT 12/11 news. Matches the recently filed form d for $7.5 million

$41.5 million from investors earlier this year, plus a $90 million line of credit

"HEALTH CARE DEC 11, 2017 SHARE
CarePayment owners invest another $7.5M
Patient financial engagement company moved HQ here nearly a year ago

AUTHORS Geert De Lombaerde

The owners of patient financing company CarePayment have invested $7.5 million to sustain momentum that has led the local venture to grow its account base by half just this year.

Cedar Springs Capital and Crestline Investors took over CarePayment about a year ago, assuming the majority stake previously owned by Aequitas Capital Management, a Portland-based financial conglomerate that ran into serious trouble with regulators. Along with that investment, CarePayment CEO Craig Hodges and his team moved the company’s headquarters to Nashville to be closer to many of the customers for its products, which help patients manage health care expenses and providers collect more of their outstanding bills.

Nine months after announcing the HQ move, Hodges and his team are on a roll. They have grown their number of patient accounts to 3.3 million from 2.2 million about a year ago and made inroads with more for-profit hospitals and other providers, building on a client base that had been more focused on nonprofit and small or mid-sized institutions.

To keep things rolling, Cedar Springs and Crestline are putting more of their money to work in CarePayment, which is seeing more competitors emerge as greater attention is paid to the financial stresses on both patients and providers.”

https://www.nashvillepost.com/business/health-care/article/20985353/carepayment-owners-invest-another-75m


"HEALTH CARE AUG 07, 2017
CarePayment secures debt deal

AUTHORS Geert De Lombaerde

CarePayment Technologies, which works with providers and patients when the latter can’t immediately cover out-of-pocket costs, has landed a $90 million credit package from a firm headquartered in Florida.

Terms of Comvest Partners’ senior secured facility deal with Nashville-based CarePayment aren’t being disclosed. The transaction comes a few months after CarePayment CEO Craig Hodges moved the company’s headquarters here from Oregon, where it had been under the auspices of a financial conglomerate that ran into major trouble with the Securities and Exchange Commission.

"CarePayment has experienced very strong growth in the first half of 2017," Hodges said in a statement. "To stay well ahead of the demand, we were looking for a strategic partner for a new credit facility […] The help provided by the Comvest financing will allow CarePayment to satisfy our mission to work with healthcare providers to offer affordable, consumer-friendly financing solutions to all patients who struggle with their medical expenses."

Comvest has invested $2.7 billion in more than 150 companies since its launch in 2000. Worth noting: Managing Director Tom Goila joined the firm earlier this year from CarePayment."

According to the Nashville Post Carepayment has over 100 employees, has overseen 2.2 million accounts and has handled more than $1 billion in medical bills since 2004"

https://www.nashvillepost.com/business/health-care/article/20854765/patient-financial-engagement-venture-moves-hq-here

Form D filed 3/22/17 for $41.5 million
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11948773

Form D filed 12 12/7/17 for $7.5 million
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12420110

Not going to. There's no way they could give me anything other than "inside information." Not going to tempt them

maybe worth contacting the Co then...

Agreed. What caught my attention was the two Form D filings for almost $50 million, rare for a "dark" company. Looking into them showed that the day before each filing they had created new classes of preferred stock. So even though they are "dark" the company appears to be using the common and preferred stock for investors. Being dark the stock shouldn't be sellable into the open market but should have value in a stock takeover. If I'm right about $15 million or so going to investors via the purchase of common stock at 1.08 there has to be something in the works.

hard to tell without any filings or something.
wondering why there is no IR Hint/Link on their Website.

Yes they do. The question is whether or not the $140,000,000 or so in investments and credit gets reflected in the stock price. I'm holding some CPYT just in case

Seems like they have a huge Credit line too

Comvest Capital Announces Investment in CarePayment Technologies, Inc.

WEST PALM BEACH, FL--(Marketwired - August 07, 2017) - Comvest Partners, through its lending strategy, Comvest Capital ("Comvest"), has acted as Administrative Agent and Lender in providing a $90.0 million senior secured credit facility (the "Financing") for CarePayment Technologies, Inc. ("CarePayment" or the "Company"), a leading patient financial engagement company that partners with healthcare providers to offer patients zero percent interest payment programs.

"CarePayment has experienced very strong growth in the first half of 2017," said Craig Hodges, CEO of CarePayment. "To stay well ahead of the demand, we were looking for a strategic partner for a new credit facility, and found it with Comvest Partners. The help provided by the Comvest financing will allow CarePayment to satisfy our mission to work with healthcare providers to offer affordable, consumer-friendly financing solutions to all patients who struggle with their medical expenses."

"CarePayment is led by an exceptional management team with an outstanding reputation. The Company is well positioned in the industry and we look forward to supporting their growth initiatives in the years to come," said Jason Gelberd, Partner at Comvest.

About CarePayment Technologies, Inc.
CarePayment is a patient financial engagement company that accelerates providers' transition to the new consumer-driven healthcare market. Powered by advanced technology and analytics, CarePayment's innovative patient financing solutions improve patient satisfaction and loyalty while delivering superior financial results. By partnering with healthcare providers to make affordable financial options available, CarePayment helps patients get the care they need, when they need it, while protecting the financial health of provider organizations so they can continue to offer valuable care to the community. CarePayment's patient-friendly financing is compliant with applicable state and federal consumer credit laws, requires no application, and is supported by a friendly US-based customer service staff. Accounts for the program are issued by WebBank, Member FDIC. Find more information at www.carepayment.com.

https://www.benzinga.com/pressreleases/17/08/m9886048/comvest-capital-announces-investment-in-carepayment-technologies-inc

CPYT share structure this year

As of 03/06/2017
77,687,684 shares of common stock authorized
69,677,592 are Class A
8,010,192 are Class B
22,531,900 of preferred stock authorized (all classes)

17,857,242 shares of Class A common stock outstanding
8,010,192 shares of Class B common stock outstanding
0 shares of preferred stock outstanding.


As of 11/29/17
83,292,184 shares of common stock authorized
75,282,092 are Class A
8,010,092 are Class B
28,136,400 of preferred stock authorized (all classes)

32,167,767 shares of Class A common stock outstanding
8,010,192 shares of Class B common stock outstanding
22,531,838 shares of Class F preferred stock outstanding
0 shares of Class E preferred
0 shares of Class G preferred

The Class B common stock is convertible into Class A one for one but votes ten for one

A Form d for $41,578,093 (sold) was filed 3/22/17 with the first sale date of 03/07/17 (the day after the filing at Oregon). 1.12854 is the cost of each share of preferred F and since 22,531,838 shares of preferred F were issued after that date lets assume investors paid $25,428,080 for them. (22,531,838 x 1.12854)

14,310,525 shares of Class A common were issued since March. Since after the preferred sale there's $15,450,013 left on the Form D that means, assuming the common were issued to make up for the rest of the money, the Class A common was issued at about $1.08.

Assumptions on my part but if nothing else it shows that the company and their stock aren't dead. The Form D says "Up to $700,000 of the proceeds will be used to pay executive bonuses to individuals designated by the investors" which is why I used $15,450,013 for the balance of the Form D and not $16,150,013

Another Form d filed 12/07/17 for 7,500,000 (sold). First sale date is 11/30/17 again 1 day after a filing at Oregon. Bet it goes to the newly designated preferred G

Seems to be a lot going on with this one, Worth keeping an eye on.

Trading at about what it was pre split.

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