Daily News: July 16, 2013

Gemino Provides $2MM Financing to Ability Prosthetics

Gemino Healthcare Finance announced it has provided a $2 million revolving line of credit to Ability Prosthetics & Orthotics. The proceeds are being used to refinance existing debt and for working capital purposes.

Founded in 2004, Ability is headquartered in Gettysburg, PA and operates as an allied healthcare provider of artificial limbs and orthotic braces to amputees and other patients. Today, Ability operates 11 locations in five states: Kentucky, Maryland, North Carolina, Pennsylvania and South Carolina.

“Gemino is a true partner in healthcare finance,” said Jeff Brandt, Ability’s founder and CEO. “They completely understand the nuances of what a provider/borrower is faced with these days with the rapidly changing healthcare market.”

Rob Misener, director for Gemino, said, “Gemino is excited about this new partnership with Ability. They are poised for rapid growth and we are looking forward to supporting their plan.”