United Orthopedic Group Receives $20M in Debt Financing
Summary
United Orthopedic Group, Inc., a global, privately-held holding company with diverse operations, including manufacturing and service divisions focused on non-invasive orthopedic and orthotic rehabilitation products, has received $20m comprised of a $10m growth capital loan and a $10 million revolving line of credit., a global, privately-held holding company with diverse operations, including manufacturing and service divisions focused on non-invasive orthopedic and orthotic rehabilitation products, has received $20m comprised of a $10m growth capital loan and a $10 million revolving line of credit.The funds, which was provided by, a subsidiary of Sumitomo Corporation, will be used to support the continued expansion of UOG’s business and product line.Formed in 2007 with equity funding from Essex Woodlands Health Ventures, United Orthopedic Group is focused on the large and growing orthopedic and orthotic marketplace.Through its subsidiaries, the company manufactures and distributes non-invasive rehabilitative products and offers complementary services designed to increase clinical effectiveness and patient satisfaction.