Jan 19 2013
Reha Technology AG announced today the closing of financing by HBM BioCapital II LP; a private equity partnership advised by HBM Partners AG, Switzerland.
Reha Technology AG, a Swiss company, designs, manufactures and globally distributes advanced robotic-assisted systems for neurorehabilitation. The development for the patented G-EO System™ which is the world's first and only gait rehabilitation device with the ability to simulate stair climbing up and down, started in 2007 in Bolzano, Italy. The company began operations in Switzerland in 2012. Since then, a worldwide distributor network and operations in the United States have been established. The expansion of the global network and the launch of additional products are the primary goals for 2013.
In connection with the financing, HBM BioCapital II acquired a significant minority stake in Reha Technology AG. The capital will be used to further expand Reha Technology's business on a worldwide basis. HBM is a major European healthcare investor with assets of around $800 million under management. HBM supports pharma, medical technology and diagnostics companies in their worldwide business expansion.
René Trost, CEO of Reha Technology AG, comments: "We are proud that we were able to attract a major healthcare investor as a new shareholder for Reha Technology. With the support of HBM, we will be able to substantially expand and grow our business of selling the most advanced rehabilitation robotic systems to customers around the world."
Source: http://www.rehatechnology.com