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Gemino Healthcare Provides $8MM Credit Facility to Home Healthcare Provider

September 08, 2016, 07:31 AM
Filed Under: Healthcare

Gemino Healthcare Finance continues to expand its portfolio and has recently funded an $8 million senior secured credit facility to an Ohio-based, non-profit healthcare services provider (“Company”). Proceeds from the loan will be used to refinance existing debt and for working capital purposes.

Founded over 100 years ago, the Company provides skilled home health, hospice, and attendant care to residents in Ohio. Services are comprised of the following:

  • Home healthcare – such as mental health services and therapy services
  • Medical/surgical – such as medication management, assistance with diet/exercise, cardiac monitoring
  • Mental health – such as treatment for anxiety/personality/psychotic/thought disorders
  • Chronic disease – such as monitoring for diabetes, chronic heart failure, and hypertension
  • Rehabilitation therapies – such as rehab for recovering from a stroke or joint replacement
  • Hospice and special care – such as plans of care for patients with cancers, Alzheimer's, or dementia
  • Home assist – such as personal care and grooming, companionship, and light housekeeping

Based in Philadelphia, PA, with an office in Atlanta, 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 $20 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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