Gemino Healthcare Finance, Philadelphia, Pennsylvania, earlier this week announced it has granted a $3 million revolving line of credit to Radiology Corporation of America (RCOA), a Delray Beach, Florida-based operator of 19 mobile PET and PET CT scanners that serve hospital clients in 13 states.
RCOA will use the proceeds are to refinance existing debt. “We went to Gemino with a hard, near-term refinancing deadline,” says Kevin Kilroy, RCOA’s Chief Financial Officer.
Gemino Healthcare Finance specializes in providing senior loans to health care service providers throughout the U.S., with typical financing needs ranging from $2 million and up in the form of revolving lines of credit and term loans. In addition to the Philadelphia location, it maintains offices in Atlanta, Georgia; Dallas, Texas; Los Angeles, California; and New York City, New York.