BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  C2C Services & Suppliers™
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

3DR Laboratories Receives $7.2 Million in Funding From Advantage Capital Partners


8/23/2012 8:09:40 AM

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Advantage Capital Partners, a leading venture capital and small business finance firm, has invested $7.2 million in 3DR Laboratories, Inc., an advanced visualization lab that provides three-dimensional (3D) imaging services to hospitals, image centers and teleradiology firms. The funds, raised in connection with the federal and Kentucky New Markets Development programs, will allow 3DR Laboratories to expand their server capacity and generate up to 15 new, highly-paid jobs.

“The growth capital that Advantage Capital has provided is vital to the continued development of 3DR here in Kentucky,” said David Ferguson, Managing Director and Chairman of the Board of Directors for 3DR Laboratories. “This funding allows us to enhance our capabilities in order to better serve our clients. It also allows us to maintain our position of leadership in the imaging industry.”

3DR Laboratories provides 3D images by processing CT scans and MRIs performed at hospitals and other health care facilities. They are able to create these renditions in a matter of hours or even minutes in the case of an emergency. Since 2004, 3DR has grown to become the largest independent advanced visualization (AV) laboratory in the United States, processing more than 3,000 cases per month for 200 plus clients.

“We are pleased to provide funding to 3DR Laboratories,” noted Tim Hassler, principal at Advantage Capital. “With the assistance of the Kentucky and federal New Markets Tax Credit programs, 3DR will be able to expand their operations and create high-paying jobs in a highly distressed area.”

“The Kentucky New Markets Development program fosters the growth of small businesses and helps to drive job creation in our state by attracting private investment capital to communities like ours. I am pleased to see these investment dollars at work in my district,” stated Senator Ernie Harris (R-Crestwood).

About Advantage Capital Partners

Advantage Capital Partners is a leading venture capital and small business finance firm focused on providing growth capital and other investments supporting state and local economic development efforts. The firm's typical forms of investment include early stage, expansion equity, mezzanine financing, senior and subordinated loans and government-guaranteed lending. With offices and partners in St. Louis, New Orleans and other U.S. cities, Advantage has raised more than $1.6 billion in institutional capital since 1992 and invested in companies located in geographic areas underserved by traditional capital.

About the federal New Markets Tax Credit program

The federal New Markets Tax Credit program, administered by the U.S. Department of the Treasury, encourages private-sector investment in economically distressed communities through tax incentives. In a highly competitive allocation procedure, the Treasury Department awards the tax credits based on applications submitted for each round. Advantage has participated in the New Markets program since 2003, raising private capital for investment in low-income communities. These investments have spurred economic growth through innovative business ventures and job creation throughout the United States.

About the Kentucky New Markets Development program

Enacted in 2010, the Kentucky New Markets Development program encourages investment in promising small businesses located in distressed communities throughout the state. Modeled after the federal New Markets Tax Credit program, the goal of the state program is to attract large, long-term investors to Kentucky's low-income communities, promoting new expansion, creating new job opportunities and building on existing growth in the state.

Contact:

Advantage Capital Partners

Samantha Wilson, 504-522-4850

swilson@advantagecap.com


Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->