On Jul 13, 2021, CrossRoads Extremity Systems received a Senior Secured Term Loan of $15,000,000 from Runway Growth Capital.
In the past two quarters, Runway has announced five life sciences sector deals totaling $175 million in credit; including Allurion, VERO Biotech, Gynesonics, SetPoint Medical, and CrossRoads.
About the company: CrossRoads Extremity Systems is located in Memphis, Tennessee, United States. “We work with surgeons to develop breakthrough products for faster healing that cannot be found anywhere else.” CrossRoads Extremity Systems develops and markets technologies for physicians treating musculoskeletal disorders of the foot and ankle. CrossRoads signature innovation is the Active Stabilization® technology, which simultaneously offers enhanced stability with continuous compression and optimizes conditions for bone healing infusion procedures.
The company was acquired by New York City-based private equity firm HealthpointCapital in 2019. Founded in 2002, HealthpointCapital is the leading private equity firm focused exclusively on the musculoskeletal sector.
Company website: www.crextremity.com