Full Circle Capital Corporation (“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. 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.”
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, Gervais was Founder and CEO of Gemino Healthcare Finance, LLC. Prior to Gemino, 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, 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 Gervais was employed at Gervais and Associates, a healthcare consulting practice. Gervais received a Bachelor of Science from Valparaiso University in 1986 and is a Certified Public Accountant.
Jonathan Burklund joins Full Circle Advisors, LLC as a Managing Director and Co-Head of Healthcare Strategies. 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, 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, 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.
Full Circle Capital Corporation 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.