Sanara MedTech Inc. Announces $55 Million Debt Facility

April 18, 2024

https://www.globenewswire.com/news-release/2024/04/18/2865484/0/en/Sanara-MedTech-Inc-Announces-55-Million-Debt-Facility.html

FORT WORTH, TX, April 18, 2024 (GLOBE NEWSWIRE) — Sanara MedTech Inc. Based in Fort Worth, Texas, Sanara MedTech Inc. (“Sanara,” the “Company,” “we,” “our” or “us”) (NASDAQ:SMTI), a medical technology company focused on developing and commercializing transformative technologies to improve clinical outcomes and reduce healthcare expenditures in the surgical, chronic wound and skincare markets, announced today that it has entered into a $55.0 million non-dilutive term loan agreement with CRG Servicing LLC, an affiliate of CRG LP (“CRG”), a healthcare focused investment fund, to support the Company’s growth initiatives in 2024 and 2025.

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