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Monteris Medical: Raises $73M in Equity and Debt Financing | Fintech InShorts: Latest fintech news, analysis by experts

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Monteris Medical: Raises $73M in Equity and Debt Financing

By Steve Sam

October 30, 2022

Monteris Medical Raises $73M in Equity and Debt Financing

Monteris Medical, a Minnetonka, MN-based private medical technology company, raised $73m in financing including $35m in new Series D equity and a $38m debt facility
The Series D round was led by InnovaHealth Partners, with participation from Birchview Capital
The debt facility, led by Madryn Asset Management, extended $28m at closing, with the option to draw an additional $10m upon the achievement of certain milestones
The company intends to use the funds to support market adoption, clinical research and technology programs and refinance its current obligation
The system is currently installed in more than 100 hospitals in the United States and Canada and is actively used in minimally invasive treatment approaches for patients with drug-resistant epilepsy

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