Money Manager VCM Bets on Unpaid Medical Bills in Hunt for Yield

Oct. 20, 2021, 5:34 PM

VCM Global Asset Management Ltd., a Bahamas-based private equity firm, is betting on unpaid U.S. medical bills in a bid to boost returns.

The firm is acquiring lien-secured medical receivables from doctors in several states in the U.S. with the goal of recovering them over an 18-month period, according to Dan Koehler, VCM’s chief operating officer. The receivables are frequently related to legal cases in which an insurance company ends up being the ultimate payer, he said.

“Based on historical analysis of this business, which we’re scaling up in our group of funds, we expect to drive double-digit ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.