other material
confidence high
sentiment positive
materiality 0.60
Great Elm Capital Corp. launches healthcare finance venture with Berkadia as minority partner
Great Elm Capital Corp.
- Launched Great Elm Healthcare Finance, LLC with Berkadia Commercial Mortgage as strategic minority partner.
- Led by healthcare finance veteran Michael Gervais as CEO; management team includes Ray Zilke and Chad Kerr.
- Will provide capital for working capital, refinancing, acquisition, and recapitalization in seniors housing and healthcare.
- Focus areas include skilled nursing, assisted living, memory care, acute care, and specialty pharmacies.
- Headquartered in Nashville, TN; leverages Great Elm Specialty Finance's existing infrastructure.