Business
Overview

In 2013, SLR entered the healthcare specialized ABL space through SLR Senior Investment Corp.'s 2013 acquisition of Gemino Healthcare Finance renamed SLR Healthcare ABL in 2021. The SLR Healthcare ABL team specializes in making primarily secured, asset-based loans for small and mid-sized companies operating in the healthcare industry. The company has originated approximately $1.6 billion of financing commitments since inception in 2007.

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 additional information: info@slrhealthcareabl.com