Oxford Provides $25 Million Facility to ZONARE Medical Systems
Oxford Finance announced it closed a $25 million debt facility with ZONARE Medical Systems. Proceeds of the loan will be used for growth capital and to further the development of its ultrasound technology.
“Oxford is proud to have a long-term business relationship with ZONARE,” said Christopher A. Herr, managing director for Oxford Finance. “It is a growth-oriented, progressive company that has remained an industry leader, enabling high-quality images with its next-generation ultrasound technology.”
“We are excited to partner with Oxford in bringing state-of-the-art ultrasound to healthcare providers globally,” said Tim Marcotte, president and CEO of ZONARE. “We both are committed to delivering excellence in patient care and ZONARE is pleased to be working with this highly respected financial firm.”
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.
ZONARE Medical Systems, Inc., based in Mountain View, CA, is solely dedicated to ultrasound excellence through its innovative, software-based, next generation technology, which provides the platform for the company’s living technology designed to meet its customers evolving imaging needs.