Paragon 28 entered into a credit facility with MidCap Financial providing Paragon 28 access up to $70 million in total credit.
"We are very pleased with this new credit facility and our relationship with MidCap, providing Paragon 28 access to flexible and cost-effective growth capital, which will further enable the Company to invest in strategic growth initiatives to improve foot and ankle patient outcomes," said Albert DaCosta, Co-Founder and Chief Executive Officer, Paragon 28.