Oklahoma City, Okla. (July 30, 2015)—BOK Financial Capital Corporation is pleased to announce that it has closed on a strategic investment with O2 Concepts, a leading manufacturer of portable oxygen concentrators.
Proceeds from the investment, which represents the first outside capital O2 Concepts has raised since its founding in 2010, will be used to support international expansion, manufacturing facility enhancements and new product development.
Chris Graber, Managing Director of BOK Financial Capital Corporation, stated “We are excited to invest alongside O2 Concepts’ original capital partners and operating team who have taken the company from start-up to the industry leader in quality and technology. We believe O2 Concepts has a unique opportunity to apply its intellectual property to a broader product line and extend its reach internationally, and the capital we have provided will help the company achieve these important strategic objectives.”
According to the Center for Disease Control, over 15 million Americans have been diagnosed with COPD, or Chronic Obstructive Pulmonary Disease, with an estimated 70 million more suffering worldwide. Long-term oxygen therapy is well-established as the standard of care for many of these patients. O2 Concepts flagship product, the Oxlife Independence, is the most reliable portable oxygen concentrator on the market, differentiating it as a true 24/7 oxygen solution for patients in the home or on the go.
Mark Hall, SVP of BOK Financial Capital Corporation, added “O2 Concepts is a great long-term investment for us. We believe the demographics will remain extremely favorable for medical device manufacturers, in both domestic and global markets. Additionally, the regulatory pressures along with changing technology will create a divergence among market participants. With their focus on innovative solutions that lower the cost of care while improving patient outcomes, we anticipate O2 Concepts will significantly outperform its competitors in this environment.”
Rob Kent, President and CEO of O2 Concepts said “Our partnership with BOK Financial Capital Corporation allows us to accelerate our already impressive rate of growth. 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, clearing the way for expansion into international markets. Kent added “While sustaining our rapid domestic growth, we will be able to fully leverage our technologies to new products and global markets. Additionally, this will ensure we are positioned to capitalize on compelling opportunities that come our way, including acquisitions.”
Visit the websites of O2 Concepts and BOK Financial Capital Corporation to learn more.
