Daily News: April 16, 2014

Oxford Finance Closes $15MM Facility with RF Surgical

Oxford Finance announced that a $15 million round of financing was provided to RF Surgical Systems.

Proceeds will be used for working capital, as well as developing and marketing additional applications for the company’s RF Assure Detection System.

“RF Surgical Systems has developed a highly valued and widely used sponge detection product that protects patients undergoing surgical procedures,” said Christopher A. Herr, managing director for Oxford Finance. “The company has been extremely successful with its RF Assure Detection System, and Oxford is pleased to provide financing to support the worldwide deployment of this groundbreaking technology.”