Discount Orthopedic Device Maker NovoSource Enlists Expert Fundraising Help

Heather Linder -   Print  |
Retired Device Medical Solutions executive Harold Linville is helping Dayton, Ohio-based orthopedic device manufacturer NovoSource grow through a fundraising campaign, according to the Journal-News.The Dayton Development Coalition is giving the business a $1.1 million entrepreneurial signature fund loan, and the company has raised nearly $4 million from its round of financing.

NovoSource plans to distinguish itself from competitors through providing lower-cost options for knee implants and hip devices. Founders look to help orthopedic practices save $500,000 to $1 million each year with NovoSource devices, according to the report.

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