{"id":1125,"date":"2018-09-18T09:20:23","date_gmt":"2018-09-18T13:20:23","guid":{"rendered":"https:\/\/www.rdcapital.ca\/?p=1125"},"modified":"2022-03-03T14:06:27","modified_gmt":"2022-03-03T19:06:27","slug":"blog-news-5","status":"publish","type":"post","link":"https:\/\/www.rdcapital.ca\/en\/blog-news-5\/","title":{"rendered":"Thornhill Medical Completes \u2018\u2018Series A\u2019\u2019 Financing Round"},"content":{"rendered":"

After a long journey\u00a0– its official. We closed our Series A.<\/p>\n

Thank you to you and the entire R&D Capital Team<\/strong><\/em> for your support \u2013 it helped pave the way to get us to this point.<\/p>\n

Regards,<\/p>\n

Lesley Gouldie<\/strong><\/p>\n


\nFOR IMMEDIATE RELEASE<\/u><\/strong>\u00a0<\/strong><\/p>\n

Thornhill Medical Completes \u2018Series A\u2019 Financing Round Led by Shanghai based Yonghua Investment Management Co., Ltd.<\/p>\n

Toronto, Canada \u2013 July 18, 2018<\/p>\n

Thornhill Medical (Thornhill), a Canadian based medical device developer announced that it has completed its \u2018Series A\u2019 offering being fully subscribed by Yonghua Investment Management Co., Ltd. (\u201cYonghua Capital\u201d) of Shanghai, PRC. Thornhill Medical will use the funding to support working capital for its market released line of emergency mobile products, expand its global sales and marketing presence and continue clinical research in the fields of non-invasive cardiac and brain stress testing.<\/p>\n

\u201cThe financial investment focus of the Yonghua Capital compliments Thornhill\u2019s approach to clinical research, product development and global commercialization. We are excited to partner with such a dynamic and well managed professional team as we continue our mission to deliver unique medical devices, using the lung as a portal, to transform current diagnostic and therapeutic patient care.\u201d says Kipton Lade, President & CEO of Thornhill Medical<\/strong>.<\/p>\n

Tina\u00a0Huang, Managing Director of Yonghua Capital Healthcare Investment is \u201cvery pleased to announce the deal with another Canadian medical device company, continuing Yonghua\u2019s international strategy in Canada. Thornhill has dynamic management and a robust R&D team, with the capacity to bring exciting innovation and care to patients globally. Coupled with Yonghua\u2019s financial support and specialized resources in the medical industry in China, we will contribute to Thornhill\u2019s continued success, thus facilitating investors\u2019 belief in Yonghua\u2019s value- investing philosophy.\u201d<\/p>\n

About Thornhill Medical<\/strong><\/h4>\n

Thornhill Medical makes innovative healthcare devices. Our founder, Dr. Joseph Fisher, is a world-renowned research scientist in the field of anesthesiology and cardiovascular intensive care. Since spinning off from the University Health Network in 2003, Thornhill Medical has built upon his expertise to develop and manufacture compact mobile emergency respiration and anesthesia devices.\u00a0 Our full story can be found on our website\u00a0www.thornhillmedical.com<\/a><\/u><\/p>\n

About Yonghua Capital\u00a0<\/strong><\/h4>\n

Yonghua Capital is one of China\u2019s most competitive private equity investors. As the primary investment vehicle of Yongjin Group, Yonghua Capital has rich experience in private equity investment and commits to become the most trustworthy financial service provider in the China capital market. So far Yonghua Capital has invested in over 100 outstanding companies, among which nearly 60 of which have been listed with stock exchanges. A seasoned team of professional in industry research, finance, law and related regulatory policies, as well as the long-term cooperation with China\u2019s well-known underwriters, law firms, accounting firms and other intermediaries, Yonghua Capital has succeeded in finding the undervalued companies and obtaining returns from the capital market.<\/p>\n

Media Contacts:<\/strong><\/h4>\n

Thornhill Medical\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Yonghua Investment Management Co., Ltd.<\/p>\n

Kipton Lade\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Chong Wang<\/p>\n

(416) 597-1325\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +86-021-50158736<\/p>\n

klade@thornhillmedical.com<\/a><\/u>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0wangc@yonghuacapital.com.cn<\/a><\/u><\/p>\n","protected":false},"excerpt":{"rendered":"

After a long journey\u00a0– its official. We closed our Series A. Thank you to you and the entire R&D Capital Team for your support \u2013 it helped pave the way to get us to this point. Regards, Lesley Gouldie FOR IMMEDIATE RELEASE\u00a0 Thornhill Medical Completes \u2018Series A\u2019 Financing Round Led by Shanghai based Yonghua Investment […]<\/p>\n","protected":false},"author":1,"featured_media":1124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[8,5,9],"tags":[],"class_list":["post-1125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-blogue","category-news"],"acf":[],"yoast_head":"\nThornhill Medical Completes \u2018\u2018Series A\u2019\u2019 Financing Round - R&D Capital<\/title>\n<meta name=\"description\" content=\"After a long journey\u00a0- its official. 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