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

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.

Founded in 2006 by Larry Arthur, HMC/CAH is headquartered in Kansas City, Missouri. HMC/CAH acquires and operates critical access hospitals, which serve rural areas that are 35 miles or more from a major hospital and have a maximum of 25 beds. HMC/CAH currently operates (11) critical access hospitals and manages (3) others.

Larry Arthur, President/CEO of HMC/CAH, said “We chose Gemino because of their extensive experience in the healthcare lending field. We look forward to the evolution of a long term relationship with Gemino to provide us the necessary working capital to vastly grow our current healthcare system. I have known Gemino for its outstanding integrity in healthcare finance as well as its well-respected reputation.”

“We are excited to have HMC/CAH as our newest client,” said Mark O’Brien, Vice President of Sales and Marketing for Gemino. “They have a solid, proven management team and are poised to grow their business.  We look forward to supporting the expansion of their critical access hospital facilities.”

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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