MidCap Financial Tops $1.5 Billion in Lending Commitments
BETHESDA, Md., Aug. 2, 2012 /PRNewswire/ -- MIDCAP FINANCIAL, LLC, the nation's leading independent commercial finance company focused exclusively on middle market healthcare companies, is pleased to announce that its commitments under management have exceeded $1.5 Billion.
This level of business volume is spread among 100 distinct borrower relationships comprising 154 transactions. All four of MidCap's business units have contributed to its growth, each further solidifying its market leadership.
Howard Widra, MidCap's CEO, said, "We are proud of our lending success in our targeted middle market segments. Our ability to continue building our balance sheet capacity in order to take advantage of available opportunities to support our healthcare customers has allowed us to outpace commercial loan growth among our competitors. We are grateful for all of our customers and capital providers who have put their trust in us."
About MidCap Financial, LLC:
MidCap Financial is a commercial finance company focused on middle market lending in the broad national healthcare industry. MidCap specializes in $5 million to $200 million loans. The company is headquartered in Bethesda, MD, with offices in Chicago and Los Angeles, and focuses in four areas:
-Asset-Based working capital loans to healthcare providers collateralized by third-party accounts receivable and other assets;
-Leveraged loans to healthcare companies backed by private equity sponsors;
-Life Sciences loans to VC-backed and public pharmaceutical, biotech, and medical device companies;
-Real Estate loans to skilled nursing facilities, senior housing properties, and medical office buildings
Additional information about MidCap Financial can be found at www.midcapfinancial.com
Contact: MidCap Financial, LLC
David G. Moore, CFO
SOURCE MidCap Financial, LLC