Noerr advises the NOVENTI Group on innovative factoring solution for pharmacies
Noerr has advised the NOVENTI Group on developing a new purchase financing solution for the pharmaceuticals industry. Europe’s largest healthcare factoring company NOVENTI is now cooperating via “FactoringPLUS” with pharmaceuticals wholesaler GEHE. FactoringPLUS enables the cooperation partners to strengthen pharmacies’ liquidity.
NOVENTI finances pharmacies’ purchases of goods from GEHE by way of factoring and for this purpose has developed a special system of services and advice for all partners involved. The system, which initially serves the purchase financing side, can be easily handled by pharmacies as NOVENTI and GEHE coordinate all the necessary processes: the pharmacy places GEHE’s collective bill with NOVENTI, and NOVENTI takes care of prompt payment, with pharmacies benefitting from the longer terms of payment as a result of the factoring.
With over €20 billion in prescription invoice factoring, the NOVENTI Group is Europe’s largest factoring company in the healthcare sector.
Noerr regularly advises leading providers and customers on all issues relating to purchase and sales financing, above all factoring, supply chain finance/reverse factoring, and dynamic discounting.
Advisors to NOVENTI Group: Noerr LLP
Wolf Stumpf (Banking & Finance), Dr Jens H. Kunz (Financial Supervisory), Ruhan Nefiz (Digital Business, all Frankfurt)
Advisors to Gehe: Götz Eidner (in-house; head of Legal McKesson Europe AG)