SIM Surgical, Inc.
SIM Surgical, Inc., is a multimillion dollar company specializing in the contract manufacturing of stainless steel and titanium handheld surgical instruments. SIM Surgical, Inc. President Jay Bartling purchased the company in 2001. Using two investmetns, Bartling was able to position the company to begin manufacturing and selling its own privately branded product line.
The Investment:
SIM Surgical received two investments for expansion.
October 2007 - $200,000
April 2008 - $150,000
"Saint Louis Business Development Fund (now Regional Growth Capital) was the perfect source of funds for us, since we didn't want to sell off part of the company to raise the necessary capital to grow in another direction. The investment allowed us to accomplish our objective sooner rather than later." -- Jay Bartling, president |
