MidCap Financial Closes $20mm Senior Revolving Credit Facility to Village Fertility Pharmacy

BETHESDA, MD, May 8, 2023 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $20mm senior revolving credit facility to ABD Group Inc. (“Village Fertility Pharmacy,” “VFP” or “Company”). The MidCap credit facility includes an uncommitted option to increase the total facility size up to $35mm. Proceeds from the MidCap credit facility were used to refinance the Company’s prior credit facility and support VFP’s rapid growth.

Richard J. Burkett, VFP Pharmacy CEO and Board Director, stated “We are thrilled to have MidCap Financial as a partner. They understand the fertility pharmacy sector and our management team looks forward to working with them as we continue to establish VFP as the leading fertility pharmacy partner with physicians, clinics, patients, and benefit managers. Our partnership with MidCap Financial also enables us to expand into other women’s health products and increase our focus in targeted geographies.”

“We are excited to continue to build our partnership with Village Fertility Pharmacy. The management team has been a pleasure to work with, and they’re well positioned for meaningful growth in the fertility pharmacy space,” Garrett Fletcher, product head of asset-based lending at MidCap Financial, said.

About the Company

Village Fertility Pharmacy is a leading independent provider of women’s fertility services and drugs, servicing all 50 states in the United States. The Company is focused on serving patients with care and precision. With more than 30 years of experience in the fertility industry, VFP provides safe, quality pharmacy services, excellent customer service, and complete education to patients in a cost-effective manner.

About MidCap Financial              

MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of December 31, 2022, MidCap Financial provides administrative or other services for over $45 billion of commitments*. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc, pursuant to an investment management agreement. Apollo had assets under management of approximately $548 billion as of December 31, 2022, in credit, private equity and real assets funds.

For more information about MidCap Financial, please visit http://www.midcapfinancial.com.

For more information about Apollo, please visit http://www.apollo.com.

*Including commitments managed by MidCap Financial Services Capital Management LLC, a registered investment adviser, as reported under Item 5.F on Part 1 of its Form ADV

Contact:

MidCap Financial Services, LLC
Garrett Fletcher, Product Head – ABL
301-841-6439
gfletcher@midcapfinancial.com