Daily News: August 2, 2012

MidCap Financial Tops $1.5B in Lending Commitments

Healthcare finance provider MidCap Financial announced its commitments under management have exceeded $1.5 billion.

MidCap said 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.”

Bethesda, MD-based 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 has offices in Chicago and Los Angeles.