Medicrea closes $30M refinancing deal to boost AI, implant production: 4 highlights

Written by Mackenzie Garrity | November 27, 2018 | Print  |

The Medicrea Group completed a $30 million senior notes issue wholly subscribed by Perceptive Advisors, a multi-strategy healthcare investment firm.

Here are four highlights:

1. Along with the senior secured notes, Medicrea issued Perceptive Advisors warrants for the company's new ordinary shares.

2. The refinancing will help Medicrea fund its UNiD Adaptive Spine Intelligence growth strategy in the U.S., as well as continue to focus on new product development.

3. Medicrea launched the UNiD ASI in September 2013. Since then, more than 3,000 patients have been treated with the patient-specific implant.

4. Perceptive Credit Holdings subscribed to 1 million warrants.

To learn more about the deal, click here.

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