In 2013, the Company acquired Gemino Healthcare Finance ("Gemino"), a commercial finance company that specializes in making primarily secured, asset-backed loans for small and mid-sized companies operating exclusively in the healthcare industry. SLRC's equity investment produces current income from Gemino's commercial finance investment activities and is expected to generate net long term capital gains.
The company has originated approximately $1.1 billion of financing commitments since its inception in 2007.
In Q1 2021, Gemino was renamed "SLR Healthcare ABL" in conjunction with a rebranding initiative.
Small and mid-sized healthcare service providers across a wide range of sectors including Hospitals, Skilled Nursing Facilities, Home Care, Behavioral Health, Physician Practices, Specialty Pharma, Healthcare Staffing, Medical Devices, Medical Laboratories, and Surgery/Outpatient Care
Companies seeking to improve access to liquidity for a wide range of reasons, including growth, acquisitions, reimbursement/regulatory changes, and operational turnarounds
Senior secured, receivables-based underwriting
Collateral includes Medicare, Medicaid and private insurance accounts receivable
Floating rate
Fees, including upfront, unused, and monitoring
Meaningful maintenance covenants
For additional information: info@SLRhealthcareABL.com