Walnut Creek, CA-based Providence Medical Technology closed a $10.5 million debt agreement with Bridge Bank.

“We are pleased that we have partnered with Bridge Bank to bolster our balance sheet with this debt facility,” said Greg Curhan, CFO of Providence. “This financing, coupled with our recently completed equity financing, puts us in a great position to continue to expand our distribution both across the U.S. as well as in international markets to deliver innovative spinal technology to help patients enjoy pain-free lives.”

Providence Medical Technology is a privately-held medical device company focused on innovative solutions for cervical spinal conditions.

Bridge Bank is a division of Western Alliance Bank founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community.