EndoChoice has closed $57 million in preferred equity financing.
Deerfield led the financing round, with input from several other new and existing investors. "We are delighted to be able to lead this financing round for EndoChoice," said Steven Hochberg, partner at Deerfield. "This is a unique opportunity to invest in a company that has a broad range of GI products and services, a track record of seven years of growth, and an exciting, new endoscopy technology that promises to improve clinical outcomes while lowering healthcare cost for payers."
The financing will go towards marketing and sales efforts of the Fuse Full Spectrum Endoscopy platform.