Daily News: August 16, 2012

Gemino Provides $7 Million Financing to Community Hospital

Gemino Healthcare Finance announced it has provided a $7 million revolving line of credit to Ozarks Community Hospital. The proceeds are being used to pay off existing debt and provide additional growth capital.

“We searched quite a while for the right financing partner, and we are pleased to have found Gemino. They have demonstrated both expertise and a willingness to understand our unique organization. They are a good fit for us, and we look forward to a long working relationship,” said Paul Taylor, CEO of Ozarks Community Hospital.

Springfield, MO-based Ozarks is a healthcare system serving patients in Southwest Missouri and Northwest Arkansas. The system operates two hospitals, a 45-bed acute care facility in Springfield and a 35-bed critical access hospital located in Gravette, AK.