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

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.

Chris Barlow, CEO of EACS, said, “We are pleased to have Gemino as our financial partner and this financing will help to support our continued growth.”

“We are excited about the opportunity to partner with EACS. As has Gemino, they have successfully built their company based upon exceptional client service and sustaining relationships,” said Gil Brindley, Managing Director for Gemino. “EACS has established a strong reputation within their industry, and we look forward to working with their investors and management team to support their short and long term goals.” Investors include Fulcrum Ventures, MedEquity Capital and Harbert Mezzanine Partners.

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

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