Daily News: January 11, 2012

MidCap Closes 80 Deals in ’11, Tops $1.4B of Volume Since Inception


MidCap Financial, LLC, a commercial finance company focused exclusively on middle-market healthcare companies, announced 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.”