Daily News: May 20, 2014

Full Circle Capital Launches Healthcare Strategies

Full Circle Capital announced the appointment of Michael Gervais and Jonathan Burklund as managing directors of Full Circle Advisors, the investment advisor to Full Circle Capital.

Gervais and Burklund are joining Full Circle Capital to lead its newly launched Healthcare Strategies team. Through this dedicated effort, Full Circle Capital will focus on providing and extending its flexible debt financing approach to middle market and lower middle market healthcare companies.

Full Circle Capital’s Healthcare Strategies intends to finance broad segments of the healthcare industry, including hospitals, senior housing, home health and hospice, ambulatory care, diagnostic imaging centers, medical transport, medical equipment, laboratories, behavioral health and physician practices as well as other healthcare related businesses.

Consistent with Full Circle’s existing investment mandate, the Healthcare Strategies team will focus on providing loans of $3 million to $10 million, or more.

Mike Gervais joins Full Circle Advisors, as a managing director and co-head of Healthcare Strategies with responsibilities for healthcare investment strategies, origination and portfolio management. Gervais has more than 25 years of experience in healthcare finance. From 2006 until its sale in 2013, Gervais was founder and CEO of Gemino Healthcare Finance. Prior to Gemino, Gervais was vice president/portfolio management at Healthcare Business Credit where he managed loan portfolios from 2001 to 2005 until that company’s sale to CIT Group.

Jonathan Burklund joins Full Circle Advisors as a managing director and co-head of Healthcare Strategies. Burklund, with over 25 years of experience in healthcare corporate finance, will be primarily responsible for healthcare finance efforts. Prior to joining Full Circle Capital, Burklund was founding partner of River Corporate Advisors, a mergers and acquisitions advisory firm specializing in healthcare services as well as managing director of Weild & Co., an investment bank. From 2005 to 2009, Burklund was a managing director in the Healthcare Group at Stanford Group Company and led the healthcare services practice.

Rye Brook, NY-based Full Circle Capital is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.