Daily News: April 29, 2014

Gemino Provides $5MM Revolver to Healthcare Plus

Gemino Healthcare Finance said it provided a $5 million secured revolving line of credit to Healthcare Plus Management and Affiliates. The proceeds are being used to pay off existing debt and for working capital purposes.

Headquartered in Palatine, IL, a suburb of Chicago, Healthcare Plus provides a wide array of home healthcare, professional therapy, caregiver and hospice services to seniors and the disabled in the Chicago area and the surrounding counties in Northern Illinois.

“Healthcare Plus Management provides services to seniors and other vulnerable members of our community,” said Aziz Lalji, controller and executive director for Healthcare Plus.” The challenges are not only unique but are also very complex. In Gemino, we have found a partner who not only understands these challenges but supports us in our endeavors to grow and provide services to the needy members of our community. We look forward to a long and mutually beneficial partnership with Gemino Finance.”

Business development Vice President Gil Brindley said, “Gemino is excited to add another client to our growing portfolio. The team at Healthcare Plus was a pleasure to work with and we look forward to seeing their business grow with the proceeds from our Credit Facility.”