Squadron Capital Agrees to Provide Financing for OEM Customer

Squadron Capital agreed to provide up to US $3MM in financing to an OEM/medical device manufacturing customer of Squadon’s medical device contract manufacturing companies, FMIHansa Medical and Structure Medical.

This financing will support the OEM customer’s purchase of instrument and implant sets manufactured by these companies, and provides for repayment terms of up to 5 years.

The Squadron companies are uniquely positioned to serve the orthopaedic industry and have both the capital and the manufacturing resources (150,000 square feet) in four plants located in Alabama, Florida and North Carolina to provide OEM customers with this “hybrid” support model of financing plus manufacturing.

Source: Squadron Capital LLC