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Gibraltar Provides $6MM Growth Capital to Company Innovating for the Future of Surgery

December 10, 2019, 08:45 AM
Filed Under: Healthcare
Related: Gibraltar

Gibraltar recently offered its lending services to a sponsored company with a stake in the future of healthcare.

Gibraltar’s new client provides customized service bundles to hospitals and ambulatory surgical centers to support minimally invasive surgeries (endoscopic and laparoscopic). The bundles can include technical staff, instrumentation, other surgical supplies, reporting, repairs and maintenance, cleaning and sterile processing.

A large demand for surgical solutions is driving rapid growth for Gibraltar’s client. They are looking to expand their services and products and scale their operations to the anticipated future demand.

Gibraltar was able to deliver more liquidity than traditional lending sources to fuel this expansion by utilizing inventory and accounts receivable as collateral for a $6 million asset-based line of credit.Gibraltar prides itself on helping companies and their private equity sponsors seize opportunities when they arise, with enough capital to meet current needs and boost company performance to the next level.

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