An entity managed by Apollo Global Management LLC (NYSE: APO) has purchased lender MidCap Financial LLC for an undisclosed amount.

MidCap, headquartered in Bethesda, Md., has about $157 billion in assets under management. The firm focuses on lending to middle market health care companies, usually lending between $5 million and $200 million.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.