MidCap Financial Closes $25.0mm Senior Secured Credit Facility to TapestryHealth
October 21, 2025
Source: MidCap Financial
BETHESDA, MD, October 21, 2025 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $25.0mm senior secured revolving credit facility to Tapestry Management Services, Inc. (“TapestryHealth” or the “Company”). Proceeds from the credit facility were used to refinance the Company’s existing credit facility and will be used to support ongoing working capital needs.
About the Company
TapestryHealth provides health risk management platforms to assess, monitor, and accelerate clinical care for chronically-ill patients in the U.S.. The Company monitors over 80,000 patients across 1,000 health care facilities with services that include chronic care management, remote patient monitoring, and behavioral health integration. The Company utilizes its integrated health risk management platform, Tapestry Complete, to monitor patients and deliver comprehensive clinical assessments that accelerate interventions in a timely 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 June 30, 2025, MidCap Financial provides administrative or other services for over $58 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 $840 billion as of June 30, 2025, in credit, private equity and real assets funds.
For more information about MidCap Financial, please visit www.midcapfinancial.com.
For more information about Apollo, please visit 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, President of Structured Finance
301-841-6439
gfletcher@midcapfinancial.com
About the Company
TapestryHealth provides health risk management platforms to assess, monitor, and accelerate clinical care for chronically-ill patients in the U.S.. The Company monitors over 80,000 patients across 1,000 health care facilities with services that include chronic care management, remote patient monitoring, and behavioral health integration. The Company utilizes its integrated health risk management platform, Tapestry Complete, to monitor patients and deliver comprehensive clinical assessments that accelerate interventions in a timely 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 June 30, 2025, MidCap Financial provides administrative or other services for over $58 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 $840 billion as of June 30, 2025, in credit, private equity and real assets funds.
For more information about MidCap Financial, please visit www.midcapfinancial.com.
For more information about Apollo, please visit 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, President of Structured Finance
301-841-6439
gfletcher@midcapfinancial.com
