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Gemino Healthcare Finance Launches Specialty Lending Services to Healthcare Providers

FOR IMMEDIATE RELEASE

CONTACT:
Aileen Katcher or Tonya Kimbrough
KVBPR
615-248-8202
akatcher@kvbpr.com
tkimbrough@kvbpr.com

Firm Secures $290 Million in Capital, Led By Executive Management Team Experienced in Healthcare Lending

PHILADELPHIA - May 29, 2007 - A new specialty lending company, Gemino Healthcare Finance, LLC has been founded with $290 million in debt and equity capital from an investor group led by Atlanta and Washington, D.C. based EDG Partners, LLC, and Laminar Direct Capital L.P., a member of the D. E. Shaw group, New York. The investor group also includes West LB, New York; BH1 Investments, Inc. and Clayton Associates, Nashville; and Fulcrum Ventures, Atlanta.

Gemino will provide senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $500,000 to more than $10,000,000 in the form of revolving lines of credit, secured term loans, unsecured term loans and real estate financing.

The firm provides lending to all healthcare services segments, including: hospitals, surgery/outpatient centers, home care and hospice agencies, imaging centers, skilled nursing homes, distributors, transportation companies and others involved in the delivery or support of healthcare services. Based in Philadelphia, Gemino will also provide services from its Atlanta sales office.

Gemino management has worked together as a team participating in the successful building of a prior healthcare finance business, Healthcare Business Credit Corporation (HBCC), and effectively serving the needs of its borrowers.

“We are excited about the team we have formed and about building on the reputation, experience and expertise that we have developed,” said Mike Gervais, CEO of Gemino. “The Gemino team has a long and successful history of serving the capital needs of quality healthcare companies.”

Gemino is committed to establishing strong relationships with its clients and providing innovative financing solutions with the highest quality of service. While Gemino is newly opened, it has a number of commitments and is already fully engaged in the process of closing loans.

“Many of the players in healthcare lending are focusing on larger transactions, which has created a void in the marketplace for the type of financing we offer,” said Tom Schneider, COO at Gemino. “The combination of healthcare expertise and access to capital that our investor group brings to the table will help position us to be the premier finance partner in the marketplace.”

In addition to Gervais and Schneider, other management members include Mark O’Brien, Mark Roscioli and Stacy Allen.

About Gemino’s Management Team

CEO and Board Member Mike Gervais has more than 17 years of experience in healthcare finance and consulting, most recently managing the loan portfolio for a prior healthcare finance business from 2001 to 2005.

COO and Board Member Tom Schneider has more than 20 years of experience, including seven years with a healthcare finance business with responsibility for credit and risk evaluation for all new transactions.

Mark O’Brien serves as Gemino’s vice president of sales and marketing with 17 years of experience, most recently as southeast regional manager with a healthcare finance business where he originated more than $400 million in loan commitments.

Mark Roscioli serves as Gemino’s CFO with 10 years of experience, most recently serving nine years as vice president, finance for a healthcare finance business.

Gemino’s vice president of operations, Stacy Allen has more than 16 years of experience in lending, spending more than eight years at a two different healthcare lenders in several senior management roles.

About Gemino’s Finance Partners

EDG Partners, LLC (www.edgpartners.com) is a private equity group focused on healthcare related services companies. Founded by J. Stephen Eaton, Alan C. Dahl and Michael P. Gaffney in 2004, its investment strategy focuses on companies where EDG’s experience and skill can creatively execute transactions and support management teams in building high-growth organizations. EDG is headquartered in Atlanta, with offices in Nashville and Washington D.C.

Laminar Direct Capital L.P. (www.laminardirect.com), a member of the D. E. Shaw group, is focused on providing capital solutions to businesses across all industry sectors throughout North America. The D. E. Shaw group (www.deshaw.com) is a global investment and technology development firm encompassing a number of closely related entities with approximately $30 billion in aggregate investment capital. The firm is headquartered in New York and maintains offices in North America, Europe, and Asia.

WestLB (www.westlb.com) offers the full range of products and services of a universal bank, focusing on lending, structured finance, capital market and private equity products, asset management, transaction services and real estate finance.

About Gemino Healthcare Finance

The mission of Gemino is to be the premier lender to its markets by building strong partner relationships with its clients and providing them with the creative and responsive financing solutions they are looking for supported by the highest quality service. The Company is focused on meeting the needs of healthcare companies throughout the U.S. seeking financing for working capital, expansion plans, acquisitions or recapitalization.