InSightec nets $50M investment

By AuntMinnie.com staff writers

June 30, 2014 -- MR-guided focused ultrasound (MRgFUS) developer InSightec said it is raising $50 million in capital funding.

The company plans to use the funds for market development and implementation of InSightec's strategy for a next-generation noninvasive operating room.

The investment was made by York Capital Management, a new investor in the company. There is a limited time for other investors to invest in the current round of funding either by taking part of the $50 million or expanding the investment to $62.5 million, InSightec said.


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