Date: Nov 26, 2018 Source: (
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OsteoCentric raised US $12MM in secured debt financing. Proceeds will fund the acquisition of implant and instrument sets for use with OsteoCentric's bone fixation product based on proprietary Unifi technology.
The company, formerly under the name SMV Scientific, was founded in 2015. Unifi uses patented bone preparation methods and thread geometries designed to preserve bone integrity while instantly interlocking an implant to bone, upon insertion.
The $12MM financing with 5-year repayment terms was supplied by Squadron Capital which, with its subsidiary Structure Medical, serves the orthopaedic industry with integrated capital and manufacturing resources located in the southeastern U.S. In 2015, Squadron's president, David Pelizzon, explained their business model to ORTHOKNOW®.
Sources: Squadron Capital; osteocentric.com; ORTHOWORLD, Inc.