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:9/25/2017)... 2017   Montrium , an industry leader ... the IQPC Trial Master Files & Inspection Readiness ... EastHORN Clinical Services has selected eTMF Connect ... management. EastHORN, a leading European contract research organization ... transparency to enable greater collaboration with sponsors, improve ...
(Date:9/22/2017)... Sept. 22, 2017  As the latest Obamacare repeal ... Bill Cassidy (R-LA) and Lindsey Graham ... the medical device industry is in an odd place. ... the 2.3% excise tax on medical device sales passed ... want covered patients, increased visits and hospital customers with ...
(Date:9/19/2017)... , Sept. 19, 2017   ZirMed Inc ., a ... today announced that it has been ranked #1 by its ... Book™ Rankings 2017 User Survey. ZirMed was recognized as ... large hospitals and medical centers over 200 beds and holds ... healthcare technology user survey history. ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the ... “America On The Brink” is the creation of published author, William Nowers. Captain ... As a WWII veteran, he spent thirty years in the Navy. Following his ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of ... announced today its plans to open a flagship location in Covington, LA at 401 ... Rooms To Go store next to Office Depot in the Holiday Square shopping center. ...
(Date:10/12/2017)... ... 2017 , ... The American College of Medical Informatics (ACMI) will present the ... Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium ... a pioneer in the field of medical informatics, this prestigious award is presented to ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... Hair Restoration, has recently contributed a medical article to the newly revamped ... Dr. Mohebi’s article spotlights the hair transplant procedure known as Follicular Unit ...
(Date:10/12/2017)... ... October 12, 2017 , ... On Saturday, October 21, the Health & ... by Moonlight to raise money for the American Heart Association Heart Walk. Teams of ... will work together to keep their treadmills moving for 5 hours. Treadmills will start ...
Breaking Medicine News(10 mins):