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Gemino Healthcare Finance Provides $4.5 Million Credit Facility to Recover Health, Inc.

Gemino Healthcare Finance today announced it has provided a $3 million revolving line of credit and a $1.5 million term loan to Recover Health, Inc., a provider of home healthcare services in Iowa, Minnesota and Wisconsin. The funds are being used for the acquisition of Recover Health, Inc.

Headquartered in Edina, Minnesota, Recover Health, Inc., provides a broad range of home healthcare services and support to children, adults and seniors, including skilled nursing, supportive care, rehabilitation therapy, respiratory therapy, medical social work and telemedicine.

Recover Health, Inc. is led by Greg Von Arx, CEO, who has more than 20 years of healthcare experience.

“We are excited to add another home healthcare provider to our growing portfolio,” said Gil Brindley, Managing Director for Gemino. “We look forward to working with Greg and his experienced management team and to continue providing them with the resources they need as they expand their business in the Midwest.”

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 $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.

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