Pioneer Surgical Technology Closes $30.5 Million Preferred Equity Private Placement

MARQUETTE, Mich.--(BUSINESS WIRE)--Pioneer Surgical Technology (“Pioneer” or “the Company”), a leading innovator in the design and manufacture of spinal and orthopaedic implants, announced today that it has closed a $30.5 million Preferred Equity private placement. Pharos Capital Group, LLC led the syndicate of investors and was joined by Highlander Partners, LP; Hopewell Ventures; and River Cities Capital Funds.