Oxford Finance Provides $25 Million Senior Credit Facility to ZONARE Medical Systems, Inc.
7/25/2012 6:51:08 AM
ALEXANDRIA, Va., July 25, 2012 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $25 million debt facility with ZONARE Medical Systems, Inc. Proceeds of the loan will be used for growth capital and to further the development of its ultrasound technology.
"Oxford is proud to have a long-term business relationship with ZONARE," said Christopher A. Herr, managing director for Oxford Finance. "It is a growth-oriented, progressive company that has remained an industry leader, enabling high-quality images with its next-generation ultrasound technology."
"We are excited to partner with Oxford in bringing state-of-the-art ultrasound to healthcare providers globally," said Tim Marcotte, president and CEO of ZONARE. "We both are committed to delivering excellence in patient care and ZONARE is pleased to be working with this highly respected financial firm."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $1.5 billion in loans, with lines of credit ranging from $500 thousand to $50 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts, Illinois and North Carolina. For more information visit www.oxfordfinance.com.
About ZONARE Medical Systems, Inc.
ZONARE Medical Systems, Inc., based in Mountain View, Calif., is solely dedicated to ultrasound excellence through its innovative, software-based, next generation technology which provides the platform for the company's living technology designed to meet its customers evolving imaging needs. The patented design and architecture of the z.one ultrasound platform delivers high-end image quality and clinical versatility at unparalleled value. ZONARE's exclusive, next generation ultrasound focus resulted in Frost & Sullivan awarding the 2011 North American Technology Innovation Award in Diagnostic Ultrasound Imaging Technology to ZONARE. For more information, visit: www.zonare.com.
SOURCE Oxford Finance LLC