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News & Press: Company News

Oxford Finance Closes $15M Credit with RF Surgical

Tuesday, April 15, 2014  
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Oxford Finance LLC, a specialty finance firm based in Alexandria, VA that provides senior debt to life sciences and healthcare services companies, has announced that a $15 million round of financing was provided to RF Surgical Systems, Inc. Proceeds of the loan will be used for working capital, as well as developing and marketing additional applications for the company’s RF Assure Detection System™.

 

“RF Surgical Systems has developed a highly valued and widely used sponge detection product that protects patients undergoing surgical procedures,” said Christopher A. Herr, managing director for Oxford Finance. “The company has been extremely successful with its RF Assure Detection System, and Oxford is pleased to provide financing to support the worldwide deployment of this groundbreaking technology.”

 

“RF Surgical has excelled at establishing an industry-leading technology that provides automatic, highly reliable, in-vivo detection capability to help prevent retained surgical sponges,” said John T. Buhler, president and chief executive officer of RF Surgical Systems. “We are looking forward to leveraging our partnership with Oxford Finance to further propel our business through its next phases of market growth.”


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