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

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.

"As a family owned company, we truly value our business relationships and Wilmac is very pleased to be partnering with Gemino,” said Mike Cuba, Vice President of Finance for Wilmac.” Their experience in senior health care lending enabled them to put a transaction together quickly, despite our unique situation and the challenges facing the credit markets in general. We believe we have found a long term financial partner in Gemino and we look forward to growing with them in the future."

Tom Schneider, Chief Operating Officer for Gemino, said, “We are delighted to have Wilmac as a client. With over 50 years of experience in long term care, a solid management team and a reputation for providing quality care they are an ideal operator for us to partner with. We look forward to growing with them.”

About Gemino Healthcare Finance (www.gemino.com)
Gemino provides senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $2 million and up in the form of revolving lines of credit and term loans.

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