CarePayment is primarily owned by Cedar Springs Capital and Crestline Investors, who jointly hold the majority stake in the company.
Current Ownership Structure
Since taking over the majority stake, Cedar Springs Capital and Crestline Investors have become the principal owners of CarePayment. These investment firms assumed control, signifying a significant shift in the company's ownership landscape. Their acquisition aimed to provide continued strategic direction and financial support for CarePayment's operations.
Transition from Previous Ownership
The current ownership by Cedar Springs Capital and Crestline Investors marks a transition from Aequitas Capital Management, a Portland-based financial conglomerate that previously held the majority stake. This change occurred after Aequitas Capital Management encountered serious regulatory issues, leading to the transfer of its stake in CarePayment.
For further details on this ownership transition and subsequent investments, you can refer to related business news, such as this article from Nashville Post.
What is CarePayment?
CarePayment is a company that specializes in providing patient financing solutions for healthcare providers. Their model helps patients manage out-of-pocket medical expenses through various payment options, thereby improving patient affordability and increasing provider revenue.
