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Fischer Imaging adds $10m loan; Atherotech in $7.5m financing.(Financings roundup)

Diagnostics & Imaging Week

| March 03, 2005 | COPYRIGHT 2003 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Fischer Imaging (Denver), a manufacturer of medical imaging systems, said it has entered into a $10 million loan agreement with private equity group ComVest Investment Partners (West Palm Beach, Florida).

Under the agreement, Fischer received an initial advance of $5 million and used the proceeds to retire all of its outstanding senior indebtedness and for working capital to fund operations, research and development and marketing initiatives. The remaining $5 million available under the commitment may be borrowed by Fischer from time to time, subject to the satisfaction of certain conditions, through Nov. 15.

Harris Ravine, Fischer president and CEO, said, …

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Source: HighBeam Research, Fischer Imaging adds $10m loan; Atherotech in $7.5m...

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