Conventus Orthopaedics accepts $12M loan from Horizon Technology: 4 insights

Maple Grove, Minn.-based Conventus Orthopaedics borrowed a $12 million from Horizon Technology Finance, according to Hartford Business.

Advertisement

Here are four insights:

 

1. Conventus Orthopaedics specializes in developing devices and technology to treat fractured arm and leg bone joints.

 

2. With the loan closing Dec. 22, 2017, Conventus Orthopaedics plans to use the funds to continue commercial development of its fracture management system, Conventus Cage.

 

3. The Conventus Cage is designed for less invasive bone and joint treatments and provides patients with a quicker recovery time.

 

4. Other investors in Conventus Orthopaedics include Deerfield Management and Sightline Partners.

 

More articles on devices and implants:
Global arthroscopic devices market to exceed $1.7B by 2022: 6 notes
OrthoPediatrics launches 24th surgical system: 3 things to know
Arthrex beings headquarter expansion, to add 500+ jobs

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.