Gemino Provides Financing to Life Care Partners
Published October 2, 2012
Categories: Industry News
Gemino Healthcare Finance announced it has provided a $4 million revolving line of credit to Life Care Partners. The proceeds are being used to pay off existing debt and provide additional growth capital.
Formed by Valor Equity Partners, Life Care Partners is the parent company for several home healthcare companies operating in the State of Florida. Included in these operating companies are: Family Home Health Services, Quality Care Home Health and Family Home Physicians. Today the Life Care family includes 14 branches.
“With the changing healthcare environment today, now is the prime time to partner with Gemino and capitalize on market opportunities. Gemino is the ideal partner to assist us in achieving our strategic growth goals as we move into the future,” said Pamela Hopewell, president of Life Care Partners
“It was a pleasure to work with Pamela and the team at Valor Equity Partners,” said Gil Brindley, managing director of Gemino Healthcare Finance. “We believe the company is at an exciting time to take advantage of market opportunities as it is looks to grow the business. Our credit facility will help facilitate this growth.”