MedShape gets infusion of cash from GE Capital.
The Healthcare Financial Services arm of GE Capital has loaned $3 million to MedShape, Inc. The financing will be used for general working capital purposes, according to a press release issued by both parties.
Headquartered in Atlanta, Ga., MealShape is a privately held medical device company focused on developing orthopedic devices from proprietary shape memory technology. The company is working to build and commercialize a portfolio of surgical solutions that use its patented technologies to address the increasing demand for improved sports medicine sports medicine, branch of medicine concerned with physical fitness and with the treatment and prevention of injuries and other disorders related to sports. Knee, leg, back, and shoulder injuries; stiffness and pain in joints; tendinitis; "tennis elbow"; and , joint fusion and musculoskeletal musculoskeletal /mus·cu·lo·skel·e·tal/ (-skel´e-t'l) pertaining to or comprising the skeleton and muscles.
Relating to or involving the muscles and the skeleton. trauma products.
"As a growing company, we were looking for a lender with deep industry knowledge that could help us meet our business objectives," said Kurt Jacobus, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MedShape. "The team at GE Capital, Healthcare Financial Services has extensive expertise and worked with us to create a tailored financing solution that will help us execute our growth strategy."
GE Capital, Healthcare Financial Services has provided more than $60 billion in financing during the last ten years to companies in more than 40 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices.