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Gemino Healthcare Finance announces $9.5 million financing to Intra-Op Monitoring Services, Inc.
Gemino Healthcare Finance today announced it has provided Intra-Op Monitoring Services, Inc. (“IOM”) credit facilities totaling $9.5 million. The financing is being used to fund the acquisition of a portion of IOM led by HealthEdge Investment Partners (“HealthEdge”).
Headquartered in Covington, Louisiana, IOM is a medical diagnostic services company offering highly specialized intra-operative neurophysiological monitoring capabilities. Using advanced monitoring technology, IOM is able to monitor and record the functional integrity of critical neural structures and organs in real-time during high-risk surgeries.
Brian Anderson, Managing Partner of HealthEdge, said “Gemino was a criticial component in the acquisition of IOM, supporting the financing of this transaction, sharing their healthcare insight and knowledge and providing the capacity to continue to ramp up this growth business. During these turbulent times, we appreciate Gemino's ability to step up and do deals. We enjoyed working with their team and look forward to working together in the future.”
“We are excited to add HealthEdge’s acquisition of IOM to our growing portfolio,” said Mike Gervais, CEO of Gemino Healthcare Finance. “This transaction is a testament to Gemino’s ability to provide specialty healthcare financing to meet the needs of our clients.”
About Gemino Healthcare Finance
Gemino provides senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $1 million to more than $10 million in the form of revolving lines of credit, secured-term loans, unsecured-term loans and real-estate financing.
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.
About HealthEdge Investment Partners, LLC
HealthEdge is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com
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