WINTER PARK, FlA.--(BUSINESS WIRE)--Advantage Capital Partners has announced an additional investment in GENICON, a designer, manufacturer and global distributor of laparoscopic surgery products. GENICON recently received the Society of Laparoendoscopic Surgeons’ 2015 Innovations of the Year recognition for GENICON’s GENIStrong Specimen Retrieval Bag.
The additional funding, provided by Advantage Capital through the Florida New Markets Tax Credit program, will enable the company to focus on further expansion and new product development.
“GENICON is proud to be recognized for the fourth time with the Innovations of the Year Award by the Society of Laparoendoscopic Surgeons for its latest GENIStrong Design,” said Gary W. Haberland, founder, president and chief executive of GENICON. “The additional funding comes at a vital time as our company’s offerings in laparoscopic surgery applications continue to expand.”
The GENIStrong Specimen Retrieval Bag was developed utilizing the latest in material science and design to meet the needs of general, gynecologic, pediatric and urologic surgeons throughout the global health-care community.
“Congratulations to GENICON for its continued success in developing innovative products that make a difference in the surgical field,” said Chris Harris, senior vice president at Advantage Capital. “We are happy to continue to partner with GENICON as the company expands its product offerings.”
About GENICON Inc.
Founded in 1998 and based in Orlando, Fla., GENICON is a privately held firm in which several shareholders are surgeons who use the company's products. GENICON is a company driven to meet the needs of modern-day health care through the harmonization of clinical needs and the economic demands of a global health-care system.
About the Florida New Markets Development program
Enacted in 2009, the Florida New Markets Development program encourages investment in promising small businesses located in distressed communities throughout the state. Modeled after the federal New Markets Tax Credit program, the goal of the state program is to attract large, long-term investors to Florida's low-income communities, promoting new expansion, creating new job opportunities and building on existing growth in the state.
About Advantage Capital Partners
Advantage Capital Partners provides equity and debt financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $1.9 billion in companies from a diverse array of industry sectors, including manufacturing, technology and business services, and has offices in New Orleans, St. Louis, New York, Austin and other locations.
Advantage Capital Partners is an investment advisor registered under the Investment Adviser Act of 1940. Registration does not imply a certain level of skill or training. This release is not intended to be an advertisement subject to the rules under the Investment Advisers Act of 1940.