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Gemino Healthcare Finance Provides $12MM Senior Credit Facility to Soleo Health

April 13, 2016, 07:35 AM
Filed Under: Healthcare

Gemino Healthcare Finance announced the closing of a $12 million senior secured credit facility to H.I.G. Capital’s portfolio company Soleo Health, an innovative national provider of home and alternate-site specialty infusion therapies. Proceeds from the loan will be used to retire a portion of the company’s senior debt and for working capital.

“We are pleased to partner with Gemino as Soleo Health furthers its national footprint of providing high-touch patient care,” stated John Ginzler, Soleo Health’s Chief Financial Officer. “Soleo Health has a proven track record of positive patient outcomes, including a 98% overall patient satisfaction rate, while demonstrating quantifiable savings and value. With its healthcare finance expertise with middle market growth companies, Gemino gained a solid understanding of Soleo Health’s strategic direction and value proposition during the diligence process.”

Rob Misener, Managing Director for Gemino, said, “We’re excited about this partnership with Soleo and H.I.G.  With this new credit facility in place, Soleo’s team of industry leaders has the company poised for tremendous growth.”   

Based in Philadelphia, PA, 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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