Daily News: January 14, 2013

Gemino Provides $7.25MM Financing to Integra Partners

Gemino Healthcare Finance said it has provided a $4 million revolving line of credit and a $3.35 million term loan to Integra Partners. The proceeds are being used to pay off existing debt and for working capital purposes.

Headquartered in New York City, Integra Partners is an orthotics and prosthetics (O&P) and durable medical equipment (DME) provider network. Integra’s provider network consists of more than 300 O&P and DME healthcare providers and over 30 commercial payors.

“We are excited to be forming this partnership with Gemino,” said Andrew Saulton, CEO of Integra Partners. “The Gemino team has a wealth of healthcare experience and we look forward to this collaboration which will support our long-term growth objectives.”

Rob Misener, director for Gemino said, “This is an exciting partnership for Gemino, and we are pleased to provide this credit facility to help support the growth initiatives of an industry leader like Integra Partners.”