CIBC Innovation Banking provided senior credit facilities to support BVP Forge’s strategic investment and fund working capital in Medisolv, a healthcare quality management platform.
CIBC Innovation Banking completed $60 million in new debt financing for Massachusetts-based TransMedics Group, a medical technology company that focuses on organ transplant therapy for patients with end-stage lung, heart and liver failure.
CIBC Innovation Banking hired Ron Singh as a managing director for its Denver office. CIBC Innovation Banking also promoted Sean Duffy, Joe Hammer and Caroline Tkatschow, while Paul McKinlay has taken on the added responsibility of Canadian market leader.
Silicon Valley Bank led a $55 million senior secured term loan for US HealthVest, a developer and operator of behavioral health facilities. The financing included a $30 million first lien revolving line and term loan from SVB and a $25 million second lien term loan from a third party.