Press Releases

Gemino Healthcare Finance Announces $6 Million Financing to HMC/CAH Consolidated, Inc.

gemino — Tue, 11 May 2010 07:26:48 -0700

Gemino Healthcare Finance (“Gemino”) is pleased to announce it has provided a $6 million revolving line of credit to HMC/CAH Consolidated, Inc. (“HMC/CAH”), a leading consolidator of Critical Access Hospitals in the United States. The funds are being used to pay off existing debt and for working capital purposes.

Gemino Healthcare Finance Announces $4.2 Million Financing to Wilmac Health Care, Inc.

gemino — Thu, 11 Feb 2010 06:12:20 -0800

Gemino Healthcare Finance (“Gemino”) today announced it has provided a $4.2 million revolving line of credit to Wilmac Corporation (“Wilmac”). The funds are being used to support the working capital needs of Wilmac.

Wilmac is a healthcare services company based in York, Pennsylvania, servicing York, Lancaster and Bucks counties. Wilmac provides services designed to meet the growing needs of an aging population. Their operations currently consist of (4) skilled nursing facilities, (2) assisted living facilities, (2) independent living facilities, and (2) pharmacy companies.

Gemino Healthcare Finance Announces $6 Million Financing to All Metro Health Care Services, Inc.

gemino — Thu, 21 Jan 2010 13:05:43 -0800

Gemino Healthcare Finance (“Gemino”) today announced it has provided a $6 million revolving line of credit to All Metro Health Care Services, Inc. (“All Metro”). The funds are being used to pay off existing debt.

Founded in 1955, All Metro is headquartered in Lynbrook, New York, and is a provider of home healthcare and home attendant services in New York, Florida, New Jersey and Missouri.

Gemino Healthcare Finance Announces $4 Million Financing to Kidspeace Corporation

gemino — Thu, 19 Nov 2009 14:15:41 -0800

Gemino Healthcare Finance (“Gemino”) is pleased to announce it has provided a $4 million revolving line of credit to KidsPeace Corporation (“KidsPeace”), a behavioral healthcare company dedicated to serving children in crisis. The funds are being used for working capital purposes.

Gemino Healthcare Finance Announces $6.5 Million Financing to EnduraCare Acute Care Services, LLC

gemino — Tue, 22 Sep 2009 06:19:45 -0700

Gemino Healthcare Finance (“Gemino”) today announced it has provided EnduraCare Acute Care Services, LLC (“EACS”) credit facilities totaling $6.5 million, consisting of a $4 million revolving line of credit and a $2.5 million term loan. The funds are being used to support the working capital needs of EACS.

Headquartered in Mobile, Alabama, EACS provides therapy program management under 31 hospital contracts in 47 acute care locations. EACS is the second largest provider of acute care contract therapy in the Southeast.

Gemino Healthcare Finance Announces $9.5 Million Financing to Axium Healthcare Pharmacy, Inc.

gemino — Wed, 05 Aug 2009 13:47:33 -0700

Gemino Healthcare Finance (“Gemino”) today announced it has closed a $9.5 million transaction for Axium Healthcare Pharmacy, Inc. (“Axium”), consisting of a $7 million revolving line of credit and a $2.5 million term loan. The proceeds are being used to refinance existing debt.

Gemino Healthcare Finance Announces $7.5 Million Financing to VisionQuest National, Ltd.

gemino — Tue, 21 Jul 2009 05:56:38 -0700

Gemino Healthcare Finance (“Gemino”) is pleased to announce it has provided a $7.5 million revolving line of credit to VisionQuest National, Ltd. (“VisionQuest”), a provider of residential and community based behavioral health and education programs for at-risk youth and their families.

VisionQuest operates 29 locations in Arizona, Colorado, Delaware, Florida, New Jersey, Oklahoma and Pennsylvania. The funds are being used to pay off existing debt and to provide working capital for operations.

Gemino Healthcare Finance Provides $4.5 Million Credit Facility to Recover Health, Inc.

gemino — Thu, 09 Jul 2009 07:34:57 -0700

Gemino Healthcare Finance today announced it has provided a $3 million revolving line of credit and a $1.5 million term loan to Recover Health, Inc., a provider of home healthcare services in Iowa, Minnesota and Wisconsin. The funds are being used for the acquisition of Recover Health, Inc.

Headquartered in Edina, Minnesota, Recover Health, Inc., provides a broad range of home healthcare services and support to children, adults and seniors, including skilled nursing, supportive care, rehabilitation therapy, respiratory therapy, medical social work and telemedicine.

Gemino Healthcare Finance Assigned BBB Rating from DBRS Rating Agency

gemino — Wed, 24 Jun 2009 12:44:50 -0700

DBRS has assigned a BBB rating to Gemino Healthcare Finance, LLC (“Gemino”), a specialty finance company that provides senior debt financing through asset-based revolving lines of credit and term loans exclusively to middle-market healthcare service providers located throughout the United States. The facility rated is funded by WestLB AG.

Gemino Healthcare Finance Funds Two Transactions

gemino — Wed, 15 Apr 2009 08:26:05 -0700

Gemino Healthcare Finance continues to expand its portfolio and has recently provided $11 million in senior secured credit facilities to Brotman Medical Center and, a home infusion and specialty pharmaceutical company.

Brotman Medical Center, founded in 1924, is a 420-bed hospital located in Culver City, California. The hospital offers a wide range of inpatient and outpatient acute care services as well as rehabilitation, psychiatric care and chemical dependency services.