May 03, 2016, 09:00 ET from Spinal Simplicity
LEAWOOD, Kan., May 3, 2016 /PRNewswire/ — Spinal Simplicity, a medical device company based in Overland Park, Kan., that develops innovative solutions to treat complex surgical problems, recently announced the closing of a financing round with an investment from private equity and advisory firm Nueterra Capital. After successfully introducing the Minuteman fusion device for lower back pain in Europe and recently securing FDA 510(K) clearance for the same device in the U.S., Spinal Simplicity sought an investment partner to advance their domestic launch and saw the perfect alignment opportunity with Nueterra Capital.
“Nueterra Capital presents an incredible opportunity for us to educate and train more physicians regarding use of the Minuteman device, with an ultimate goal to improve performance in more operating rooms and ensure positive outcomes for more patients,” said Todd Moseley, managing partner and co-founder, Spinal Simplicity. “And as a result of Nueterra Capital’s investment, we gain access to NueHealth and hope to move the Minuteman device into their network of facilities, making minimally invasive surgery a more accessible option for patients.”