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KBL in the News


August 10, 2001

Austin-based Spinal Concepts Inc. has closed on a $21 million round of funding through the private sale of preferred stock.

Proceeds will be used primarily for working capital, expansion of the company's sales network, and research and development activities.

The financing was co-led by Nashville-based Richland Ventures and Boston-based HLM Management Co. Inc.

Other investors are KBL Healthcare Ventures, Essex Woodlands Health Ventures, Olivhan Investments LP, Vector Fund Management LP and Onset Ventures.

Privately held Spinal Concepts develops surgical spinal implants and medical devices. The company has raised more than $42 million in funding since its founding in June 1996.

KBL Healthcare Ventures
757 Third Avenue, 21st Floor
New York, NY 10017
(212) 319-5555

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