Pivot Medical Raises $32 Million in Series C Financing
“Pivot Medical was founded to deliver new technologies that dramatically advance the field of minimally invasive hip restoration, and we are meeting this commitment with a comprehensive line of innovative, highly differentiated products that will enable physicians to successfully treat their hip pain patients while preserving the delicate and complex hip anatomy,” said Jack Giroux, president and chief executive officer of Pivot Medical. “We are gratified to have the confidence and support of two additional top-tier investors as we expand our reach in the United States and Europe.”
As part of the Series C, Dr. Michael Lynn of Adams Street Partners and John Maroney of Delphi Ventures will join Pivot Medical’s board of directors, which also includes Guy Mayer, chief executive officer of Ascension Orthopedics; Dr. John Savarese of Montreux Equity Partners; Julian Nikolchev, Pivot Medical co-founder; and Mr. Giroux.
“With its total dedication to hip preservation, Pivot Medical has developed a unique, high-value and comprehensive technology platform that we believe has the potential to make significant inroads into the fast-growing market for hip restoration procedures,” said Dr. Lynn. “We look forward to joining Pivot’s top-notch management team as it roles out this important technology to physicians and patients worldwide.”
About Pivot Medical
Pivot Medical is a privately held medical device company focused on developing and marketing technologies for the rapidly growing hip arthroscopy segment of the orthopedic marketplace. The company’s initial offering, the Pivot Hip Arthroscopy System, is designed to improve the safety, efficiency and ease of performing hip arthroscopy procedures. For more information, please visit www.pivotmedical.com.
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Laura Nobles, 310-795-0497
laura@noblescommunications.com