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Gemino Healthcare Finance Announces $4 Million Financing to Kidspeace Corporation
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.
Founded in 1882, KidsPeace is a charitable organization that serves the behavioral and mental health needs of children, preadolescents and teens. Based in Schnecksville, Pennsylvania with 66 locations nationwide, KidsPeace operates a children’s psychiatric hospital and, provides a comprehensive range of specialized, intensive and therapeutic residential treatment programs; accredited educational services; and a variety of foster care and community-based treatment programs to kids facing crisis.
“KidsPeace has been serving the mental health needs of children for over 100 years. We are proud to add them to our growing list of healthcare clients,” said Mark O’Brien, Vice President of Sales and Marketing for Gemino.
About Gemino Healthcare Finance (www.gemino.com) Gemino provides senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging starting at $2 million in the form of revolving lines of credit and term loans. .
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