In 2013, SLR entered the healthcare specialized ABL space through the SLRC's acquisition of Gemino Healthcare Finance (“Gemino”). Gemino was renamed SLR Healthcare ABL in 2021 in conjunction with rebranding. SLR Healthcare ABL specializes in making secured, asset-based loans for small and mid-sized companies operating exclusively in the healthcare industry.
Small and mid-sized healthcare service providers across a wide range of industries including Hospitals, Skilled Nursing Facilities, Home Medical Equipment, Medical Laboratories, and Surgery/Outpatient Care
Typically, companies are facing some form of stress or lack of available capital from traditional banks due to recent regulation
Senior secured, receivables-based underwriting
Collateral includes Medicare, Medicaid and private insurance accounts receivable
Floating rate
Fees, including upfront, unused, monitoring and float
Meaningful maintenance covenants
For more information: info@slrhealthcareabl.com