Author Topic: https://www.lendingclub.com/patientsolutions/  (Read 3585 times)

Fred

  • Hero Member
  • *****
  • Posts: 1421
    • View Profile
https://www.lendingclub.com/patientsolutions/
« on: November 07, 2016, 10:27:45 PM »
Just stumbled on this link earlier today.  Anyone has more details?



rawraw

  • Hero Member
  • *****
  • Posts: 2792
    • View Profile
Re: https://www.lendingclub.com/patientsolutions/
« Reply #1 on: November 08, 2016, 05:33:26 AM »

SLCPaladin

  • Full Member
  • ***
  • Posts: 202
    • View Profile
Re: https://www.lendingclub.com/patientsolutions/
« Reply #2 on: November 08, 2016, 11:30:56 AM »
In January of 2015, Prosper acquired Salt Lake city-based online lender American Healthcare Lending: Prosper's acquisition. American Healthcare Lending was a niche lender that targeted elective medical procedures that are in-demand but typically not covered by insurance (e.g., bariatric surgery, fertility treatment, cosmetic surgery, cosmetic dentistry. Prosper's website is still kicking: Prosper Healthcare.

I seem to recall that this acquisition didn't work out too well for Prosper and that they laid off most of their SLC employees. I wonder if Lending Club joined the foray into this space at the same time Prosper was entering. I would be interested to find out what type of impact these efforts have had on customer acquisition. I'd be even more interested to analyze the loans originated this way and view their relative performance.
« Last Edit: November 08, 2016, 11:33:40 AM by SLCPaladin »

newstreet

  • Jr. Member
  • **
  • Posts: 63
    • View Profile
Re: https://www.lendingclub.com/patientsolutions/
« Reply #3 on: November 14, 2016, 12:41:48 PM »
Just stumbled on this link earlier today.  Anyone has more details?




Yes-the Springstone acqistion which they overpaid for, took a an asset write down in the audit and have, unsurprisingly, run into the ground. Was probably owned by a cousin of Renee the crook or John Mack the crook.