Gramercy Extremity Orthopedics Raises $9.83 Million in Series A to Transform Orthopedics Operating Industry

- Orthopedics Solution Addresses Biggest Pain Points: Sterilization and Single-Use Instruments via Point of Sale Delivery

RICHARDSON, Texas--(BUSINESS WIRE)--Gramercy Extremity Orthopedics, “GEO,” a cost-effective, user-friendly, and efficacious way to deliver Orthopedic Medical Implants, today announced the completion of its Series A financing, raising a total of $9.83 million. The funding will be used to scale up technology infrastructure and continued product expansion with specific focus on the United States extremity market.

The GEO CART® is an industry-first, computerized, mobile implant and instrumentation inventory system enabled with RFID technology. No bigger than the average medical cart, the GEO CART® system can hold over 1,000+ items tailored to the usage of a specific facility. The GEO CART® proprietary point-of-sale system reduces delays in surgery, decreases sterility risks to the patient, eliminates handwritten billing mistakes, automatically generates the Implant Usage Form, removes the cost to clean and sterilize instrumentation, and reduces facility operating expenses.

“We are helping orthopedists and podiatrists better manage the surgical environment. With GEO, surgeons never have to worry about not having the right implants in an effort to deliver superior patient care,” said Scott Day, EVP and Chief Operating Officer. “Our technology is driving revolutionary changes in the way doctors deliver care in the operating room while managing risks and reducing costs for health systems.”

“We are excited to partner with Scott and the team at GEO. This round of funding will enable the company to continue innovating on their market-leading technology and will fund expansion into new hospital systems across North America and, eventually, globally,” noted Amer Nimr at Seabridge Capital. “The system is redefining how orthopedists operate and care for patients.”

About Gramercy Extremity Orthopedics
GEO was formed from the idea that a more cost-effective, user-friendly, and efficacious way to deliver Orthopedic Medical Implants could exist in today’s healthcare environment. This is achieved through proprietary RFID technology, a groundbreaking Point-of-Sale delivery system, and best-in-class sterilized, single-use orthopedic implants and instruments.