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.
– 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.
