Wingate Healthcare Gets Financing From Gemino Healthcare Finance

Gemino Healthcare Finance, a specialty finance company and portfolio company of Solar Senior Capital Ltd. that is focused on providing senior secured loans to healthcare service providers, recently funded a $6 million senior secured credit facility on behalf of an affiliate of New England senior living operator, Wingate Healthcare. Family-owned for nearly 30 years, Wingate operates over 35 senior living communities mostly in Massachusetts (where it is based) but also in New York and Rhode Island. The company used the loan proceeds to pay off existing debt and for working capital purposes, gaining additional liquidity as it continues to grow.

 

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