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Gemino Healthcare Finance Announces $9.5 Million Financing to Axium Healthcare Pharmacy, Inc.

Gemino Healthcare Finance (“Gemino”) today announced it has closed a $9.5 million transaction for Axium Healthcare Pharmacy, Inc. (“Axium”), consisting of a $7 million revolving line of credit and a $2.5 million term loan. The proceeds are being used to refinance existing debt.

Axium is a leading independent nationwide specialty pharmacy which provides comprehensive therapy-management programs as well as, bio-injectable and oral pharmaceutical therapies for the treatment of chronic, debilitating diseases. Headquartered in Lake Mary, Florida, Axium is licensed to operate in all 50 states and is focused specifically around a high patient service model.

Axium is a portfolio company of Carousel Capital, a private investment firm that invests in companies in the Southeastern United States.

“Axium is a fast growing, high service specialty pharmacy organization,” said Mark Montgomery, President and CEO of Axium. “This new financing will allow Axium to continue to meet our high standards of service and continue our growth strategy.”

“We are excited to partner with Axium and their investors. Axium continues to focus on their client relationships and providing a service model that differentiates them from the competition,” said Mike Gervais, CEO of Gemino. “This transaction demonstrates our commitment to provide financial solutions that help providers achieve their goals.”

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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