Aledade Secures $500 Million Asset-Backed Loan from Ares

Aledade, a US health-tech company, is seeking a $500 million asset-backed loan from Ares Management Corp. The loan will be secured by Medicare payments and carry an interest rate of SOFR plus 5.25%. Aledade helps primary care doctors adapt to new payment arrangements and has saved the Medicare program over $1 billion in costs. The company has raised $660 million to date and was valued at $3.5 billion in its latest fundraising in 2023.