PARIS, June 8 /PRNewswire/ -- Scient'x Groupe, S.A. ("Scient'x" or the "Company") announced today that it has closed a combined growth credit facility with Oxford Credit Corporation and an incremental equity investment by the Company's principal shareholder, HealthpointCapital, LLC. The total credit and equity package amounts to $12.5 million. Terms were not disclosed.
Oliver Burckhardt, President and CEO of Scient'x stated, "I am excited that Scient'x has received substantial additional investment capital which will allow us to aggressively pursue growth opportunities in our area of strategic focus, dynamic solutions for the spine. We will use the capital to continue to invest in our global distribution growth initiatives, and it enables us to expand and augment our current product offerings."
Based in Paris, France, Scient'x is the largest independent spinal implant company outside of the United States. The Company designs, develops and distributes an extensive line of spinal implants in over 50 countries around the world. Scient'x has an extensive record of pioneering spinal technology and has been more than once at the forefront of technology that is considered today the standard of care. The Company was the first to introduce PEEK implants to spinal surgery as well as posterior dynamic stabilization technology. The most recent introduction is a next generation ceramic on ceramic cervical disc that has quickly achieved a significant revenue traction and surgeon acceptance globally.
SCIENT'X HEALTHPOINTCAPITAL, LLC Mr. Oliver Burckhardt Mr. Mortimer "Tim" Berkowitz III President and Chief Executive Officer President firstname.lastname@example.org email@example.com Mr. John McCormick Managing Director Batiment Calypso - Parc Ariane 3 firstname.lastname@example.org 5 rue Alfred Kastler 78274 Guyancourt 505 Park Avenue, 12th Floor France New York, NY 10022, USA +33 139 306 930 Tel :+1 (212) 935-7780
|SOURCE Scient'x Groupe, S.A.|
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