An estimated $72 million in medical debt is set to be relieved for New Hampshire residents.
Undue Medical Debt, a New York based nonprofit, recently paid off over $30 billion in national debt from the former debt collection agency Pendrick Capital Partners. A small portion of the debt being retired affects Granite Staters.
Daniel Lempert, a spokesperson for the nonprofit, says this sort of large pay off is unique. The company typically sources from providers like hospitals and physicians groups that may have smaller amounts of debt they are seeking to collect on. Pendrick Capital Partners approached Undue Medical Debt and Lempert says the scale of debt prompted their action.
“We couldn’t pass up…
