MidCap Financial Enjoys Strong 2011 – Closes 80 Transactions And Tops $1.4 Billion of Volume Since 2008 Inception

Bethesda, MD-January 11, 2012

MidCap Financial, LLC, the nation’s leading commercial finance company focused exclusively on middle market healthcare companies, announced today that during 2011, it closed 80 transactions totaling $758 million in financing commitments. This level of activity brings MidCap’s volume since inception to greater than $1.4 billion among 147 transactions.

All of MidCap’s four business units grew considerably and established or strengthened leadership positions in their markets. In addition, through the course of the year, MidCap meaningfully expanded its balance sheet capabilities, adding five new credit partners and $330 million of additional debt capital.

Howard Widra, MidCap’s CEO, said, “2011 was a great year for MidCap. We are pleased to be able to deploy our strong balance sheet to continue providing growth and working capital to healthcare companies in our target markets. We are building a solid senior debt loan portfolio utilizing support from our equity and debt partners to take advantage of good market metrics. We expect to generate even more volume in 2012 and are looking forward to another great year.”

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.