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