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:3/30/2021)... ... March 29, 2021 , ... The University of Texas Health Science Center ... San Antonio Multispecialty and Research Hospital, a destination center for research and treatment of ... In a nod to the COVID-19 pandemic, the ceremony was held virtually. , William ...
(Date:3/30/2021)... ... March 29, 2021 , ... Iora Health ... primary care, has partnered with Devoted Health , one of the fastest-growing ... across Maricopa County and provides seniors with the highest-quality care and experience possible, ...
(Date:3/30/2021)... CITY (PRWEB) , ... March 29, 2021 , ... ... has joined the Vaccine Credential Initiative (VCI), a group bringing together leading health ... record of vaccination status, based on open, interoperable standards. By joining the VCI ...
Breaking Medicine Technology:
(Date:3/30/2021)... , ... March 29, 2021 , ... ... the 21st Century , A Virtual Workshop Presented by WCG FDAnews and Cerulean ... 4:30 pm EDT, https://wcg.swoogo.com/modern-sop-and-quality-systems , Are one’s SOPs written for the ...
(Date:3/30/2021)... ... March 29, 2021 , ... According to data released ... reproductive age (13-44) in need of publicly funded contraception live in counties impacted by ... Colorado’s 64 counties have lost some of their Title X resources. , The ...
(Date:3/30/2021)... ... March 29, 2021 , ... Health Literacy Innovations (HLI), a ... confusion due to low health literacy today announces a new partnership with the ... work with ACAP’s member Safety Net Health Plans, those that provide comprehensive health ...
(Date:3/30/2021)... ... ... Dr. Colin Campbell is proud to announce the 1 year anniversary in their new state ... internal medicine and is a primary care specialist who has been practicing for 23 years. ... keep South Jersey healthy one patient at a time. , “Over the past year, Dr. ...
(Date:3/30/2021)... ... March 30, 2021 , ... The COVID-19 ... and survivors; their families; and their caregivers. Crossroads4Hope is addressing the needs of ... emotional support system, MyGo2Support, which meets needs of people impacted by cancer, no ...
Breaking Medicine News(10 mins):