Banca Farmafactoring SpA is an Italy-based company primarily engaged in the corporate financial services. The Company specializes in managing and selling receivables due the National Health Service and the Public Administration. Its service portfolio comprises: credit management, debt recovery, business accounting, online invoicing, non-recourse factoring, as well as factoring with recourse, among others. It also offers online banking products, such as deposit accounts. The Company operates in Italy, Spain, Portugal, Poland, Czech Republic, and Slovak Republic. The Company operates through subsidiaries: Farmafactoring Espana SA, Farmafactoring SPV I Srl and the companies of the Magellan Group.