Contact Us

Email info@gemino.com
Sales 770.321.4033 x 3
Office 1 International Plaza
Suite 220, Phila, PA 19113
610.870.5400

Gemino Healthcare Finance announces $6 million financing to Community Hospital Of Long Beach

Gemino Healthcare Finance today announced it has provided a $6 million revolving line of credit to Community Hospital of Long Beach (“CHLB”).

CHLB has roots dating back to 1924 and, today, operates as a 243-bed acute care hospital providing inpatient, outpatient and emergency services to Long Beach, California and the surrounding area.

The proceeds from the transaction will be used to pay off existing debt and to fund working capital needs.

“We are very pleased to have Gemino Healthcare Finance as our financial partner in helping the hospital enhance its ability to fulfill the healthcare needs of the community we serve,” said Ray Jankowski, President and CEO of CHLB.

Mark O’Brien, Gemino’s Vice President of Sales & Marketing, said “We are excited about the addition of CHLB to our growing portfolio of healthcare providers. This hospital is truly a fixture in their community and we are excited about the opportunity to support their short and long term goals.”

O’Brien goes on to say, “There continues to be unprecedented turmoil in the financial markets and healthcare providers are finding it more difficult to find reliable capital sources. Gemino Healthcare Finance has committed capital to lend and we continue to be actively seeking quality healthcare providers to finance.”

© 2007 Gemino® Healthcare Finance, Incorporated. All rights reserved. Admin Login