Gemino Healthcare Finance announced yesterday (13 April) that it had closed a $12 million senior secured credit facility to Soleo Health that will be used as working capital and to retire existing senior debt.
“With this new credit facility in place, Soleo's team of industry leaders has the company poised for tremendous growth,” Gemino's managing director Rob Misener said in a statement.
Misener did not return calls seeking further comment by press time.
Gemino Healthcare, a portfolio company of Solar Senior Capital, specialises in providing senior secured loans to healthcare service providers in the US. The Philadelphia-based company's deals typically range from $2 million to $25 million in the form of revolving lines of credit and term loans.
Soleo Health is an HIG Capital portfolio company providing home and alternate-site infusion therapies aimed at managing complex diseases through comprehensive medical programs. The company's headquarters is in Philadelphia and it offers patient care in 14 cities across the US.