AxioMed Spine Corp. is up for sale

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

AxioMed Spine Corp. has been put up for sale by its senior secured lender.

A “core group of employees” continue to run the Garfield Heights-based spinal implant technology company, according to Steve Gerbsman, principal of Gerbsman Partners — the firm hired to sell the company minus its liabilities.

AxioMed raised more than $70 million from investors over the years. The company “is on track to achieve over $1MM during the next 12 months” from sales of its Freedom-brand spinal implants, which are on sale in Europe but not being heavily marketed, according to a letter being sent to potential buyers.

Click here to read the complete article.

Originally published October 3, 2014.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: