O2 Concepts lands capital for int'l expansion
By HME News Staff
Updated Thu July 30, 2015
OKLAHOMA CITY, Okla. - O2 Concepts and BOK Financial Capital, a financial services holding company, have closed on a strategic investment.
Proceeds from the investment, the first outside capital that O2 Concepts has raised since launching in 2010, will support international expansion, manufacturing facility enhancements and new product development.
“Our partnership with BOK Financial Capital Corporation allows us to accelerate our already impressive rate of growth,” said Rob Kent, president and CEO of O2 Concepts, in a release. “Over the past year, we have added to our sales and leadership team to significantly expand our market footprint.”
O2 Concepts recently received CE certification for its Oxlife Independence, paving the way for expansion into international markets.
The investment from BOK will also help position the company for future acquisitions.
“This will ensure we are positioned to capitalize on compelling opportunities that come our way,” Kent said.
BOK calls O2 Concepts “a great long-term investment.”
“We believe the demographics will remain extremely favorable for medical device manufacturers, in both domestic and global markets,” said Mark Hall, senior vice president of BOK, in the release. “Additionally, the regulatory pressures along with changing technology will create a divergence among market participants.”
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