Gemino Healthcare Finance Provides Financing to Ozarks Community Hospitals
Gemino Healthcare Finance today 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.
Ozarks is a health care system headquartered in Springfield, MO 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, Arkansas. Both hospitals have a 24-hour emergency room. The system also operates hospital based clinics in Springfield and Gravette, satellite clinics in Springfield, Bolivar, Nixa and Webb City, Missouri and rural health clinics in Rogersville and Mt. Vernon, Missouri.
“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.
Mark O’Brien, Vice President of Sales & Marketing for Gemino commented, “We are excited to provide Ozarks with a working capital facility to help them grow their business. Ozarks is a very well-run company and they continue to provide outstanding service to their communities.”
About Gemino Healthcare Finance (www.gemino.com)
Gemino, headquartered in Philadelphia, provides senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $2 million to $20 million in the form of revolving lines of credit and term loans. Gemino also has offices in Atlanta and Dallas.