M&A Deal Summary

Prosper Acquires American HealthCare Lending

On January 27, 2015, Prosper acquired financial services company American HealthCare Lending for 21M USD

Acquisition Highlights
  • This is Prosper’s 1st transaction in the Financial Services sector.
  • This is Prosper’s largest (disclosed) transaction.
  • This is Prosper’s 1st transaction in the United States.
  • This is Prosper’s 1st transaction in Utah.

M&A Deal Summary
Date 2015-01-27
Target American HealthCare Lending
Sector Financial Services
Buyer(s) Prosper
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

American HealthCare Lending

Salt Lake City, Utah, United States
website
American HealthCare Lending, LLC is a patient financing company for healthcare providers in the cosmetic dentistry, bariatric surgery, fertility, plastic surgery, and other markets.

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Buyer(S) 1

Buyer

Prosper

San Francisco, California, United States

website

Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

Prosper is a peer-to-peer financing platform to invest and borrow money. The Prosper platform connects people who want to invest money with people who want to borrow money. The unsecured personal loans are used by Prosper borrowers for a variety of purposes including paying down high interest rate debt and helping with small business funding. Prosper was founded in 2005 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 BillGuard

New York, New York, United States

BillGuard, Inc. is a personal finance analytics company that develops popular consumer apps to manage, protect and do more with money and credit.

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