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BETHESDA, Md. — MidCap Financial, a Bethesda-based lender focused on middle-market transactions, has acquired 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.
“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,” says Garrett Fletcher, product head of asset-based lending at MidCap Financial.