Gemino offers revolving lines of credit from $1,000,000 to $20,000,000 to healthcare providers to help those organizations meet their working capital and growth needs. Healthcare service providers use our revolving lines of credit for:
- Working capital
- Refinancing existing debt
- Funding acquisitions
- Funding management buyouts
- Funding recapitalizations
- Other general corporate purposes
Collateral for our revolving lines of credit include Medicare, Medicaid, commercial insurance, and institutional accounts receivable.
A revolving line of credit can be an invaluable tool for healthcare service providers to manage timing differences between collections and disbursements and deal with delays in reimbursement. Having access to a flexible means of working capital financing can make an enormous difference in your company’s financial stability and ability to grow.
Gemino specializes in healthcare; I would say they’re the best at what they do. They went out of their way to accommodate us; they’re not intrusive. They’ve been a very valued business partner to us. And I appreciated the relationship with the people at all levels.
Bill Bucher - Axium Pharmacy EVP & CFO