MidCap Financial, a leading commercial finance company focused on middle market transactions, completed an acquisition of a significant portion of Sector Financial’s managed Healthcare Asset Based Lending portfolio, totaling over $500 million in commitments and over $300 million in funded assets. Garrett Fletcher, Product Head of Asset Based Lending at MidCap Financial, had this to say: “We are pleased to expand our portfolio and forge meaningful new partnerships with borrowers in one of our core verticals, serving as a leading capital provider to the healthcare industry and the middle market overall.” Included in the $500 million in commitments were revolving credit facilities with Infinity Healthcare Management, PAM Health, Petersen Health Care, Signature HealthCARE and Vibra Healthcare.
Midcap Financial Acquires Most of Sector Financial’s Healthcare ABL Portfolio
