Full Circle Capital Launches Healthcare Strategies
May 19 2014 - 4:05PM
Business Wire
Michael Gervais and Jonathan Burklund Join
Full Circle Advisors, LLC
Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle
Capital”) today announced the appointment of Michael Gervais and
Jonathan Burklund as Managing Directors of Full Circle Advisors
LLC, the investment advisor to Full Circle Capital. Messrs. Gervais
and Burklund are joining Full Circle Capital to lead its newly
launched Healthcare Strategies team. Through this dedicated effort,
Full Circle Capital will focus on providing and extending its
flexible debt financing approach to middle market and lower middle
market healthcare companies.
Full Circle Capital’s Healthcare Strategies intends to finance
broad segments of the healthcare industry, including hospitals,
senior housing, home health and hospice, ambulatory care,
diagnostic imaging centers, medical transport, medical equipment,
laboratories, behavioral health and physician practices as well as
other healthcare related businesses. Consistent with Full Circle’s
existing investment mandate, the Healthcare Strategies team will
focus on providing loans of $3 million to $10 million, or more.
“The addition of Mike Gervais and Jon Burklund to our investment
team represents the most recent expansion of Full Circle Capital’s
capabilities. Healthcare Strategies will broaden the range of Full
Circle Capital’s investment opportunities, which we expect to
enhance portfolio diversification and provide increased returns for
our stockholders” said John Stuart, Co-Chief Executive Officer of
Full Circle Capital.
“Due to the scale and complexity of the healthcare industry,
Healthcare Strategies offers significant potential for Full Circle
Capital. We believe many segments of the industry are underserved
by traditional capital providers and we are excited by the
investment opportunities available to Full Circle Capital. Given
their substantial industry knowledge and healthcare finance
experience, we are very pleased to have Mike and Jon leading our
Healthcare Strategies effort” said Gregg Felton, President and
Co-CEO of Full Circle Capital. “We look forward to providing our
customized financing solutions to companies across the healthcare
industry.”
Michael Gervais
Mike Gervais joins Full Circle Advisors, LLC as a Managing
Director and Co-Head of Healthcare Strategies with responsibilities
for healthcare investment strategies, origination and portfolio
management. Mr. Gervais has more than 25 years of experience in
healthcare finance. From 2006 until its sale in 2013, Mr. Gervais
was Founder and CEO of Gemino Healthcare Finance, LLC. Prior to
Gemino, Mr. Gervais was Vice President/Portfolio Management at
Healthcare Business Credit Corporation where he managed loan
portfolios from 2001 to 2005 until that company’s sale to CIT
Group. Prior to 2001, Mr. Gervais served as Chief Operating Officer
of Qualis Care, LP (1994 to 1997) and as Vice President of
Operations for Tower Financial Corp (1993 to 1994). From 1990 to
1993 Mr. Gervais was employed at Gervais and Associates, a
healthcare consulting practice. Mr. Gervais received a Bachelor of
Science from Valparaiso University in 1986 and is a Certified
Public Accountant.
Jonathan Burklund
Jonathan Burklund joins Full Circle Advisors, LLC as a Managing
Director and Co-Head of Healthcare Strategies. Mr. Burklund, with
over 25 years of experience in healthcare corporate finance, will
be primarily responsible for healthcare finance efforts. Prior to
joining Full Circle Capital, Mr. Burklund was founding partner of
River Corporate Advisors, a mergers and acquisitions advisory firm
specializing in healthcare services as well as Managing Director of
Weild & Co., an investment bank. From 2005 to 2009, Mr.
Burklund was a Managing Director in the Healthcare Group at
Stanford Group Company and led the healthcare services practice.
Prior thereto, Mr. Burklund held investment banking positions
at Ladenburg, Thalmann & Co, Prudential Securities Incorporated
and Lehman Brothers. Mr. Burklund began his career in 1983 at Chase
Manhattan Bank, N.A. where he graduated from Chase Manhattan’s
Credit Training Program. Mr. Burklund has published on healthcare
issues in Modern Healthcare and Radiology Business Journal . Mr.
Burklund was graduated with honors from Northeastern University in
1983 with Majors in Finance and Management.
About Full Circle Capital
Full Circle Capital Corporation (Nasdaq: FULL) is a Rye Brook,
New York based closed-end investment company that has elected to be
treated as a business development company under the Investment
Company Act of 1940. Full Circle Capital lends to and invests in
senior secured loans and, to a lesser extent, mezzanine loans and
equity securities issued by smaller and lower middle-market
companies that operate in a diverse range of industries. Full
Circle Capital’s investment objective is to generate both current
income and capital appreciation through debt and equity
investments. For additional information visit the company’s
website, www.fccapital.com.
Forward-Looking Statements
This press release contains forward-looking statements which
relate to future events or Full Circle Capital's future performance
or financial condition. Any statements that are not statements of
historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and
similar expressions) should also be considered to be
forward-looking statements. These forward-looking statements are
not guarantees of future performance, condition or results and
involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in Full Circle Capital's filings with the Securities and
Exchange Commission. Full Circle Capital undertakes no duty to
update any forward-looking statements made herein.
Full Circle Capital CorporationJohn Stuart, Co-Chief
Executive OfficerGregg J. Felton, Co-Chief Executive
Officer914-220-6300info@fccapital.comorInvestor
Relations:Lippert/Heilshorn & AssociatesStephanie
PrinceJody Burfening212-838-3777sprince@lhai.com
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jul 2023 to Jul 2024