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Gemino Healthcare Finance Provides Financing to ServRx

March 08, 2016, 08:05 AM
Filed Under: Healthcare

Gemino Healthcare Finance announced it has provided senior secured financing to ServRx, Inc., a leading electronic workers’ compensation prescription claims processing company. The credit facility will be used to fund working capital needs as ServRx continues to grow.

“We interviewed a number of financial institutions and selected Gemino Healthcare Finance as our lender regarding this transaction, due in part to their healthcare finance expertise and their experience throughout the United States dealing with middle market growth companies,” said ServRx CEO, Todd Delano. “Their professional team was extremely responsive to our timeline requirements, plus they met all of our objectives and Gemino has a long-term relationship outlook with their clients.”

Mark J. Locher, Managing Director for Gemino, said, “Partnering with an industry leader such as ServRx has been a great experience for Gemino. We are thrilled to be working with their experienced management team and look forward to supporting their immediate and long-term goals.”

Based in Philadelphia, Pennsylvania, with offices in Atlanta and Los Angeles, Gemino Healthcare Finance is a specialty finance company with an exclusive focus on providing senior secured loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $2 million to $25 million in the form of revolving lines of credit and term loans. Gemino is a portfolio company of Solar Senior Capital Ltd., a leading publicly traded business development company.

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