Orthopedic devicemaker closes $70M financing

Orthopedic implant company restor3d raised $70 million in financing, according to a June 5 news release.

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A $55 million series A funding round was led by Summers Value Partners, and Trinity Capital led a $15 million debt financing.

The funds will support the company’s launch of 3D-printed implant systems and investments in new technologies. The devicemaker plans to introduce new patient-specific implant systems for total ankle and shoulder replacements.

The company also plans to expand medical education programs.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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