Navigation Links
Oxford Finance Corporation and United Orthopedic Group, Inc. Close $20 Million Credit Facility
Date:7/20/2010

ALEXANDRIA, Va., July 20 /PRNewswire/ -- Oxford Finance Corporation, a subsidiary of Sumitomo Corporation, today announced that it entered into a $20 million loan agreement with United Orthopedic Group (UOG), which includes a $10 million growth capital loan and a $10 million revolving line of credit. These funds will be used to support the continued expansion of UOG's business and product line. UOG is a global, privately-held holding company with diverse operations, including manufacturing and service divisions focused on non-invasive orthopedic and orthotic rehabilitation products.

"Oxford is pleased to provide United Orthopedic Group with additional capital to further their company's development," said Christopher Herr, Managing Director of Oxford Finance Corporation. "They have an impressive product line with an established distribution network within the orthopedic sector and an innovative business model, which makes it a great addition to Oxford's diverse portfolio."

"We are excited to begin a partnership with Oxford through our recent debt refinancing," said Joel Radtke, Chief Financial Officer of United Orthopedic Group. "We are a rapidly growing company and Oxford has provided a capital structure and lending relationship well-suited to our needs."

About Oxford Finance Corporation

A subsidiary of Sumitomo Corporation, Oxford is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $1.5 billion in loans, with lines of credit ranging from $500 thousand to $40 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California and Massachusetts. For more information visit www.oxfordfinance.com.

About United Orthopedic Group, Inc.

Formed in 2007 with equity funding from Essex Woodlands Health Ventures, United Orthopedic Group is a privately-held holding company focused on the large and growing orthopedic and orthotic marketplace. Through its subsidiaries, UOG manufactures and distributes a broad line of non-invasive rehabilitative products and offers a diverse set of complementary services designed to increase clinical effectiveness and patient satisfaction.


'/>"/>
SOURCE Oxford Finance Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Oxford BioTherapeutics and GlaxoSmithKline Form Strategic Alliance to Develop Novel Cancer Therapeutic Antibodies
2. Oxford Finance Corporation Closes $25 Million Credit Facility with EUSA Pharma
3. Oxford Finance Corporation Facilitates Entry for Reata Pharmaceuticals into Asian Markets
4. Paratek Pharmaceuticals Announces the Close of $40 Million Private Placement to Finance Programs to Combat MRSA Infections
5. Marc J. Fagel of the U.S. Securities and Exchange Commission to Discuss SEC Enforcement at CBIs Biotech/Pharma Finance and Accounting Forum in San Francisco
6. PhRMA Statement on Senate Finance Committee Vote
7. Spherix to Present at Annual OneMedPlace Finance Forum and at EBD Biotech Showcase in San Francisco
8. Alexza Pharmaceuticals Promotes Mark K. Oki to Vice President, Finance and Controller
9. GlaxoSmithKline Responds to US Senate Committee on Finance Report on Avandia
10. P&M Corporate Finance and Robin Young Announce 2010 Spine Technology Summit
11. Genaera Corporation Presents Interim Phase 1 Data for Obesity Compound Trodusquemine (MSI-1436) at IBC Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... a startling report released today, National Safety Council research ... proven plan to eliminate prescription opioid overdoses. Prescription Nation ... tackling the worst drug crisis in recorded U.S. history, assigned a ... , New Mexico , Tennessee ... failing states, three – Michigan , ...
(Date:6/23/2016)... June 23, 2016 Research and Markets ... Medical Market Analysis 2016 - Forecast to 2022" report ... The report contains up to date financial data derived from ... of major trends with potential impact on the market during ... market segmentation which comprises of sub markets, regional and country ...
(Date:6/23/2016)... Research and Markets has announced the ... report to their offering. ... favourable commercial environment for MedImmune to enter. The US ageing ... serve to drive considerable growth for effective anti-influenza medications. The ... sales considerably, but development is still in its infancy. ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... June 27, 2016 , ... ... to revolutionize the emergency ambulance transport experience for the millions of people who ... Uber has disrupted the taxi industry through the use of technology. Now, SmartEMS ...
(Date:6/26/2016)... ... June 27, 2016 , ... Quality metrics are proliferating in cancer care, ... remain in the eye of the beholder, according to experts who offered insights and ... Journal of Managed Care. For the full issue, click here . , For ...
(Date:6/26/2016)... ... , ... Pixel Film Studios Released ProSlice Levels, a Media Slicing Effect ... a whole new perspective by using the title layers in ProSlice Levels to ... ProSlice Levels contains over 30 Different presets to choose from. FCPX users ...
(Date:6/26/2016)... ... ... Kasmer, a legally blind and certified personal trainer is helping to develop a weight loss ... plans to fix the two major problems leading the fitness industry today:, ... , They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the ... AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in ... topics including advance care planning, healthcare costs and patient and family engagement. , ...
Breaking Medicine News(10 mins):