By Elaine Rigoli
Tampa, Fla., Sept. 6 - KFx Medical Corp., a developer of minimally invasive percutaneous repair systems for rotator cuff repair, has completed a $2 million working capital loan facility with Lighthouse Capital Partners.
More than 4 million people seek medical advice for shoulder pain every year; torn rotator cuffs alone account for more than 500,000 surgeries annually and have traditionally required many weeks of rehabilitation, according to a news release.
Based in Carlsbad, Calif., KFx Medical develops clinically relevant solutions to rotator cuff repair.
Lighthouse Capital Partners is a venture debt firm with investing offices in Menlo Park, Calif., and Cambridge, Mass.
| Borrower: | KFx Medical Corp.
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| Amount: | $2 million
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| Issue: | Working capital loan facility
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| Lender: | Lighthouse Capital Partners
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| Announcement date: | Sept. 6
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