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| Office | 1 International Plaza Suite 220, Phila, PA 19113 610.870.5400 |
Gemino Healthcare Finance (“Gemino”) is pleased to announce it has provided a $7.5 million revolving line of credit to VisionQuest National, Ltd. (“VisionQuest”), a provider of residential and community based behavioral health and education programs for at-risk youth and their families.
VisionQuest operates 29 locations in Arizona, Colorado, Delaware, Florida, New Jersey, Oklahoma and Pennsylvania. The funds are being used to pay off existing debt and to provide working capital for operations.
“For over 35 years, VisionQuest has built a strong reputation of providing innovative intervention services to at-risk youth and families across the country. We are extremely excited to welcome them as our newest client,” said Mark O’Brien, Gemino’s Vice President of Sales and Marketing.
Mark Contento, VisionQuest’s President, said “It is an exceptional experience to work with Gemino, which has a strong understanding of the healthcare industry. They were highly professional and extremely responsive throughout the transaction.”
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 to more than $10 million in the form of revolving lines of credit and term loans.
The firm provides financing to hospitals, skilled nursing homes, home care and hospice agencies, imaging centers, surgery/outpatient centers, distributors, transportation companies and others involved in the delivery or support of healthcare services.