Providence Medical Technology, Inc., a Walnut Creek, Calif.-based developer of tissue-sparing cervical spine technology, received $10.5m in debt financing.
Bridge Bank provided the facility.
The company intends to use the funds to expand its distribution both across the United States as well as in international markets.
Led by Jeff Smith, Co-Founder & Chief Executive Officer, and Edward Liou, Chief Operating Officer, Providence Medical Technology is a medical device company focused on innovative solutions for cervical spinal conditions. The company has developed a proprietary, tissue-sparing approach to posterior cervical fusion with its family of products including the DTRAX® Spinal Instrumentation System, CAVUX® intervertebral implants, and the ALLY™ line of bone and facet screws.