ImpediMed Secures US$15 Million to Fuel Growth

Feb 06, 2025

Highlights:

  • ImpediMed Limited (ASX: IPD) secures a US$15 million growth capital facility with SWK Funding LLC to support expansion and commercialization.
  • Funding includes an initial US$10 million tranche, with an additional US$5 million contingent on meeting FY25 sales targets.
  • Capital raise strengthens ImpediMed’s position in advancing its bioimpedance spectroscopy (BIS) technology for improved patient outcomes.

Strengthening Financial Position for Expansion

ImpediMed Limited (ASX: IPD) has secured a US$15 million growth capital facility through its subsidiary, ImpediMed, Inc., in partnership with SWK Funding LLC, a finance firm specializing in healthcare investments. The five-year agreement aims to provide financial flexibility to support the company’s expansion and commercialization of its SOZO digital health platform.

Strategic Funding Structure

The capital raise includes an initial tranche of US$10 million, with an additional US$5 million contingent on meeting FY25 sales targets. This structured funding approach ensures that ImpediMed can strategically invest in its bioimpedance spectroscopy (BIS) technology while maintaining financial discipline.

Board Chair Christine Emmanuel-Donnelly emphasized that the funding aligns with the company’s long-term growth strategy, reinforcing its ability to scale operations while preserving shareholder value. Managing Director Dr. Parmjot Bains also highlighted SWK Holdings' confidence in ImpediMed’s technology and its commercial potential in digital health solutions.

Fueling Innovation and Market Growth

With this financial backing, ImpediMed is well-positioned to accelerate product development, expand its market presence, and drive profitability. The company remains focused on leveraging its BIS technology to improve patient outcomes in lymphoedema, heart failure, and malnutrition management.

At the time of writing, ImpediMed’s growth capital facility marks a significant step toward strengthening its financial resilience and advancing its mission to deliver cutting-edge healthcare solutions worldwide. Investors will be keen to see how the company utilizes this funding to enhance its market position and achieve sustained growth.

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