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Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $25 million debt facility with ZONARE Medical Systems, Inc. Proceeds of the loan will be used for growth capital and to further the development of its ultrasound technology.
"Oxford is proud to have a long-term business relationship with ZONARE," said Christopher A. Herr, managing director for Oxford Finance. "It is a growth-oriented, progressive company that has remained an industry leader, enabling high-quality images with its next-generation ultrasound technology."