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Podimetrics Lands $25M Debt Financing

SOMERVILLE, MA, CIBC Innovation Banking is pleased to announce a $25 million debt financing for Podimetrics.
Podimetrics is an integrated clinical care service company that helps prevent amputations in patients suffering from complex diabetes. Podimetrics plans to use the growth capital to expand its commercial operations.

Podimetrics is the creator of the FDA-cleared SmartMat and integrated clinical care services that can help save the limbs and lives of complex diabetic patients. Through partnerships with regional and national health plans and at-risk providers, such as the Veterans Health Administration, Podimetrics has helped prevent amputations associated with complex diabetes. By combining cutting-edge technology with best-in-class clinical care services, Podimetrics earns high engagement rates from patients and allows clinicians to save limbs, lives, and money - all while keeping vulnerable populations healthy in their own homes.
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