Le Lézard
Classified in: Health, Business
Subject: VEN

FINNEA Group Advises Xoran Holdings LLC on its Growth Financing Capital Raise


ANN ARBOR, Mich., Sept. 13, 2019 /PRNewswire/ -- FINNEA Group, LLC ("FINNEA") is pleased to announce the successful growth financing capital raise by Xoran Holdings LLC ("Xoran").  FINNEA acted as the exclusive financial advisor to Xoran.

CEO Misha Rakic commented:
"Through their focused attention and market expertise, the FINNEA team enabled us to accelerate our next level of innovation into intraoperative soft tissue scans that will greatly enhance patient care and save lives."

Headquartered in Ann Arbor, Michigan, Xoran (https://xorantech.com/) was founded in 2001 to reduce the cost and complexity of healthcare by delivering innovative niche medical imaging solutions.  The Company's vision is to improve the quality and efficiency of patient care by developing innovative, patient-friendly, point-of-care computed tomography ("CT") systems that are optimized for specific clinical and hospital applications.

Xoran is the pioneer of low-dose radiation, cone beam CT scanners for use in-office and in operating rooms. Xoran developed proprietary hard tissue computerized tomography (CT) scanners and holds 20 related patents.

The Company has installed such scanners worldwide and dominates the ear, nose and throat ("ENT") in-office imaging market with approximately four times the estimated share of the next closest competitor.

Xoran leveraged its patented technology to create a mobile scanner capable of scanning soft tissue. The xCAT IQtm offers a zero-turn radius that enables critical care physicians to perform in-room scans, eliminating perilous 'road trips' whereby as-risk, non-ambulatory patients are mobilized to radiology rooms or the location of less portable scanning equipment.

Xoran will use its growth financing to commercialize the xCAT IQ as well as to further develop innovative new products, such as intraoperative CT combined with surgical navigation.

About FINNEA
With offices in Detroit and Chicago, FINNEA Group leverages deep experience, creativity and tenacity to provide focused middle market investment banking and advisory services.

For more information about FINNEA Group, please visit www.finneagroup.com

SOURCE Xoran Holdings LLC


These press releases may also interest you

at 07:15
Twin River Worldwide Holdings, Inc. today announced that it has completed the previously announced acquisition of Affinity Gaming's subsidiary that owns the Golden Gates, Golden Gulch and Mardi Gras casinos in Black Hawk, Colorado. The purchase...

at 07:05
American Express Company today reported fourth-quarter net income of $1.7 billion, or $2.03 per share, compared with net income of $2.0 billion, or $2.32 per share, a year ago. The year-ago period included $496 million, or $0.58 per share, of...

at 07:04
On the occasion of the International Day of Education, WISE, an initiative of Qatar Foundation, has released an extensive study on the views of young people. Conducted by Ipsos the barometer aims to understand how the youth perceive their education...

at 07:00
Amneal Pharmaceuticals, Inc. announced today that the Company will release its fourth quarter and full year 2019 financial results on Wednesday, February 26, 2020, prior to the open of the U.S. financial markets. The Company will host a conference...

at 07:00
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") will change the names of two of its short-term fixed income ETFs at the close of business on Friday, January 24, 2020. The Horizons Active Floating Rate Bond ETF will be changed to the...

at 07:00
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is proud to announce that five of its exchange-traded funds ("ETFs") have been awarded Fundata FundGrade A+® Awards ("Fundata Awards") for 2019: ETF Name Category...



News published on 13 september 2019 at 19:33 and distributed by: