Fiserv Credit Processing Services’ “PLUS System” has been selected by OR-based Aequitas Capital Management enhance its CarePayment program. CarePayment is designed to help Aequitas’ hospital clients improve net revenue collections by simplifying the growing out of pocket expenses for their patients. Through its CarePayment card, Aequitas is partnering with hospitals nationwide to offer a custom-branded finance program that provides patients the option of paying their medical bills over extended terms with no interest. Aequitas Capital Management is an alternative investment firm providing integrated corporate advisory and commercial finance products and services and has structured and invested more than $1.5 billion in customized financial transactions to the middle market, energy and healthcare sectors. Fiserv provides information management systems and services to the financial and insurance industries. Fiserv reported more than $4.5 billion in total revenue for 2006.
St. Petersburg, FL-based Catalina Marketing has landed a revolving credit facility up to $175 million and has purchased its corporate headquarters facility. The revolving credit facility can be used to refinance debt, and share repurchases and capital expenditures. J.P. Morgan Securities, Inc. is the leading arranger for the facility, with Bank One, NA and Bank of America N.A. as administrative and syndication agents. The company’s $30 million U.S. revolving credit facility, which was set to expire on August 31, 2004 was replaced by the refinancing. The new facility is also replacing Catalina Marketing Japan K.K.’s 3.5 billion yen Japanese credit facility. Catalina Marketing combines insight into consumer behavior and consumer access, enabling marketers to execute behavior-based marketing programs.