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ClearBalance sold to Angelo, Gordon & Co.

December 2012

Client(s) ClearBalance Holdings

Jones Day represented ClearBalance Holdings in its sale to Angelo, Gordon & Co. ClearBalance was founded in 1992 and held by its current ownership group since 2003. The San Diego-based company has funded more than $500 million in patient loans, and services more than 250 healthcare providers nationwide with more than 1.8 million patient accounts. Hospitals and other healthcare providers partner with ClearBalance to offer an interest-free, revolving line to all patients regardless of credit score to help them cover out-of-pocket medical costs. The funding from Angelo Gordon will be used to help continue the company's growth by expanding its current relationships and introducing its services to more healthcare organizations.

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