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SARASOTA — Sarasota Medical Products Inc., an early-stage firm focusing on the health care industry, secured $3.56 million in funding to grow its business.
Walter Leise, the firm's president and CEO, has raised funds from three sources to spur his company's growth since 2010: $1.6 million in private equity, a $1.6 million SBA-backed loan from Synovus Bank, and $360,000 in incentive money from the Sarasota County government.
Sarasota Medical Products will specialize in wound care treatments, including unique adhesive formulations for wound dressings. The company plans to begin manufacturing in October, and it currently occupies 16,000 square feet of space at 1451 Sarasota Center Blvd.
Leise says the young company already has $3.9 million in outstanding purchase orders for its medical products.
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