TapestryHealth, a multi-specialty healthcare company, has secured a $25 million credit investment from Catalio Capital Management. This senior secured term loan will provide TapestryHealth with an initial draw of $10 million and an additional $15 million option. The credit facility matures in July 2027 and will be used to support TapestryHealth’s expansion into new facilities and refinance existing corporate debt, maturing in March 2024. TapestryHealth utilizes advanced radar technology and AI to enable clinicians to provide in-person and remote care in post-acute environments.
What You Should Know:
TapestryHealth, a multi-specialty healthcare company, announced a $25M credit investment from Catalio Capital Management, a leading multi-strategy investment firm focused on healthcare and life sciences.
The senior secured term loan provides TapestryHealth an initial draw of $10M at close, with an additional $15M available at the company’s option. The credit facility matures in July 2027.
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– TapestryHealth will use the funds to continue its expansion into new facilities and refinance existing corporate debt, maturing in March 2024.
TapestryHealth Background
TapestryHealth is a nationwide multi-specialty healthcare company that utilizes advanced radar technology and AI enabling clinicians to deliver both in-person and remote care to residents in skilled nursing facilities and other post-acute environments. Tapestry’s team of doctors, PAs, NPs and multiple medical specialists see patients at their bedsides, 24/7, making daily rounds, and building relationships with patients and their families. Tapestry’s artificial intelligence and machine learning protocols provide in-depth analysis at the patient, facility and national levels, which allows them to identify potentially at-risk patients before the onset of symptoms.
Source: HitConsultant