Providence Medical raises $25M: 3 details

Jackie Drees -   Print  |

Surgical equipment and implants company Providence Medical Technology completed a $25 million financing round.

Here are three details:

1. Proceeds of the financing will go toward the expansion and clinical development of Providence’s DTRAX line of cervical fusion instruments.

2. The DTRAX Spinal System has been installed at more than 1,800 U.S. hospitals.

3. Revelation Partners, BMO Global Asset Management, MVM Life Science Partners, Medvest Capital and Aphelion Capital contributed to the financing.

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