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Outset Medical Announces $169 Million Private Placement Financing and New Debt Financing

Outset Medical Announces $169 Million Private Placement Financing and New Debt Financing

01/06/25, 5:48 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan jose
Money
$169 million
Industry
medical device
medical
biotechnology
health care
Type
partnership
Outset Medical, Inc. has announced a private placement of its Series A Non-Voting Convertible Preferred Stock at a price of $200.00 per share. The company is also securing new debt financing of up to $125M maturing in 2030 with plans to retire $200M in prior debt. In addition, they reported unaudited fourth-quarter revenue of $29 million and 2024 revenue of $113 million.

Company Info

Company
Outset Medical
Location
san jose, california, united states
Additional Info
Outset is a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis. The Tablo Hemodialysis System, FDA cleared for use from the hospital to the home, represents a significant technological advancement that transforms the dialysis experience for patients and operationally simplifies it for providers. Tablo serves as a single enterprise solution that can be utilized across the continuum of care, allowing dialysis to be delivered anytime, anywhere and by anyone. The integration of water purification and on-demand dialysate production enables Tablo to serve as a dialysis clinic on wheels, with 2-way wireless data transmission and a proprietary data analytics platform powering a new holistic approach to dialysis care.

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