Fundflow
Microscopy detail in a medical laboratory

Debt financing for

Healthcare & MedTech

Healthcare companies combine defensive, non-cyclical demand with revenue that is often backed by reimbursement or long-term contracts, characteristics debt investors value highly. Equipment and receivables add hard collateral that can lower the cost of capital further.

Lenders focus on the durability of the revenue path: regulatory status, who actually pays, and how exposed pricing is to policy change. Post-approval, post-revenue businesses have the widest set of options.

What lenders like

Why the sector attracts debt capital

  • Defensive, non-cyclical demand holds up through downturns
  • Reimbursement and long-term contracts give revenue durability
  • Equipment and receivables provide hard collateral
  • Regulatory approval, once secured, is itself a moat lenders value

What investors will ask

The diligence questions to be ready for

  • Regulatory status: CE marking / FDA clearance, and what is still pending
  • Reimbursement risk: who pays, under what codes, and how exposed is pricing to policy change?
  • Payer or provider concentration across the revenue base
  • Length of sales cycles and the working capital they consume

Products, criteria, and themes shown are indicative, not exhaustive, and subject to further diligence on the company and its assets. Every business is assessed on its own merits.

Track record

Deals we've advised in the sector

€3.5M

Venture Debt

Healthcare

€22M

Growth Debt

MedTech

€12M

Venture Debt

Healthtech

Healthcare & MedTech FAQ

What founders and CFOs in the sector ask us most.

Still have questions? Talk to us

Yes, typically once regulatory approval is secured and commercial revenue has started. Venture debt and growth debt are the usual routes, with sizing driven by revenue quality and the strength of equity backing, subject to diligence.

Raising in Healthcare & MedTech?

Tell us about the business and we'll come back with an indicative view of structure, investors, and terms. No cost, no obligation.