TapestryHealth, a multi-specialty healthcare company, announced a $25 million credit investment from Catalio Capital Management, an investment firm focused on healthcare and life sciences.
The senior secured term loan provides TapestryHealth an initial draw of $10 million at close, with an additional $15 million available at the company’s option. The credit facility matures in July 2027.
TapestryHealth will use the funds to continue its expansion into new facilities and refinance existing corporate debt, maturing in March.
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, HIT Consultants reports. Read more.
