Small Bone Innovations, Inc., a orthopedics company focused on technologies and treatments for the small bones & joints, has closed on a $43m credit facility.
The senior, secured credit facility was provided by New Health Capital Partners Fund I LP and affiliated private equity funds managed by New Health Capital Partners, LLC.
The company intends to use the proceeds to further accelerate sales of its STAR™ total ankle replacement technology (www.star-ankle.com), upper and lower limb portfolio and to refinance existing indebtedness. The facility will also support a more aggressive buildup of SBi’s direct sales organization in the United States.
Led by Chairman & CEO Anthony G. Viscogliosi, the company SBi was founded in 2004 to focus on small bones & joints by integrating established companies and professionals in the field. The company has facilities in New York, NY, Morrisville, PA, Péronnas, France, Donaueschingen, Germany, and Kuala Lumpur, Malaysia and has sold its products in 46 countries.