Business
Overview

In 2013, SLR entered the healthcare specialized ABL space through SLR Senior Investment Corp.'s acquisition of Gemino Healthcare Finance (“Gemino”). Gemino specializes in making secured, asset-based loans for small and mid-sized companies operating exclusively in the healthcare industry. Gemino's team has originated approximately $1.5 billion of financing commitments since their inception in 2007.

Gemino was renamed SLR Healthcare ABL in 2021.

Target
Borrowers

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

TRANSACTION PROFILE

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

TYPICAL INVESTMENT SIZE

$1M to $35M

For more information: info@slrhealthcareabl.com