Phoenix-based The Center for Orthopedic & Research Excellence, also known as The CORE Institute, received $2.20 million in equity financing, according to The Press Telegraph.
Securing 100 percent of the financing round, The CORE Institute filed Form D on Dec. 12. The reason for the financing was unspecific.
Healthcare organizations similar to the Center for Orthopedic & Research Excellence typically sell 68 percent of the total offering amount, totaling on average $1.16 million. This recent financing is 89 percent greater than comparable organizations.
The Form D was filed by Simon William. It is expected this financing could attract future investors and increase patient satisfaction.