Ortho Solutions, a specialist orthopaedic design manufacturer, has secured a GBP2 million funding facility from Independent Growth Finance (IGF) to develop a new range of innovative medical solutions.
Founded in 2001, the privately-owned Essex based manufacturer supplies NHS and private hospitals throughout the UK with implant systems used in foot and ankle surgery.
The company required additional funding to support the development of new ankle fracture and foot plating systems. New systems that are aimed at improving effectiveness of specialist foot and ankle surgical procedures. However, it had reached its existing asset-based lending (ABL) facility limit of GBP750,000. Despite having significant inventory that makes it an ideal candidate for increased ABL.