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Gemino Healthcare Finance Provides $7MM to The Judge Rotenberg Educational Center

April 03, 2013, 07:22 AM
Filed Under: Healthcare

Gemino Healthcare Finance announced it has provided a $7 million revolving line of credit to The Judge Rotenberg Educational Center, Inc. (“JRC”). The proceeds are being used to refinance existing debt.

JRC is a not-for-profit special needs school located in Canton, MA serving individuals ages three to adult. For 41 years, JRC has provided an educational program and residential treatment to both emotionally disturbed students with severe conduct, behavior, emotional, and/or psychiatric problems and developmentally delayed students with autistic-like, self-abusive behaviors that have prevented them from being educated in a public school environment. JRC successfully educates and treats the most difficult cases in the country; those who have been rejected or expelled from all alternative placements with minimal to no psychotropic medications.

Glenda Crookes, executive director, said “JRC thanks Gemino for assisting with a seamless transition and we look forward to a long, successful relationship with them.”

Rob Misener, director for Gemino, said, “Gemino is excited to provide this financing to such an important organization. The level of dedication and care that JRC provides to their clients is truly inspiring, and we certainly look forward to supporting their mission into the future.”

Gemino, headquartered in Philadelphia, provides senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $2 million to $20 million in the form of revolving lines of credit and term loans. Gemino also has offices in Atlanta and Dallas.

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