WINNIPEG, Manitoba, September 16, 2013 – IMRIS Inc. (NASDAQ: IMRS; TSX: IM) (“IMRIS” or the “Company”) today announced it has entered into a secured loan facility agreement (the “Agreement”) with Deerfield Management Company, L.P. (“Deerfield”) for $25 million in financing. Deerfield is a leading healthcare investment firm with more than $3.5 billion of assets currently under management.
Commented Jay D. Miller, IMRIS president and chief executive officer: “We are pleased with Deerfield’s confidence in our cutting-edge technology, growth prospects and business strategy. IMRIS has a compelling line-up of FDA-approved and development-stage products for the surgical theater that will provide a strong foundation for future growth. This agreement provides capital to fund our growth initiatives, strengthen our balance sheet and enable us to focus on developing a world-class medical device company.”