ATLANTA—July. 28, 2008—The Healthcare Division of Presidential Financial has hired Alan Feo as vice president of business development for the national receivables-based healthcare finance company.

Feo has 25 years of business development experience in the healthcare industry, including two decades in healthcare financing. Before joining Presidential, he was a healthcare credit officer with the Boston office of CapitalSource. During his seven-year tenure, he launched the firm’s accounts receivable credit product for which he generated more than $1 billion in leads and secured $375 million in new business.

Previously, Feo spearheaded the receivables factoring division of Kemper/Willis in Boston, and prior to that, he was vice president of sales for Healthcare Capital Resources in Great Neck, N.Y. He also held senior positions with Pro Care Financial Group in Larkspur, Calif. and Towers Financial in New York.

“Alan is among the healthcare finance industry’s most experienced and respected professionals, and we’re delighted to welcome him to Presidential’s expanding business development team,” said Phil Hooker, president of Presidential’s Healthcare Division.

Serving healthcare providers nationwide since 1992, Presidential’s Healthcare Division specializes in revolving credit lines starting at $500K, secured by Medicare, Medicaid, and commercial insurance accounts receivable. The firm’s clients include home care providers, hospices, skilled nursing facilities, physician practices, hospitals, ambulance services, rehabilitation practices, diagnostic imaging centers and medical equipment companies, among others.


Established in 1981, Presidential Financial is a national asset-based strategic lender that provides working capital lines-of-credit to growing companies. The firm offers customized and flexible financing solutions, including lines-of-credit from $200,000 to commercial companies and lines-of-credit from $500,000 to healthcare organizations. Headquartered in Atlanta, privately held Presidential serves the entire U.S. The company is primarily owned by institutional investors, including Harbert Management Corporation, and Presidential executives. For more information visit www.presidentialfinancial.com.