Advantage Capital Partners, a leading venture capital and small business finance firm, has invested $7.2 million in 3DR Laboratories, Inc., an advanced visualization lab that provides three-dimensional (3D) imaging services to hospitals, image centers and teleradiology firms. The funds, raised in connection with the federal and Kentucky New Markets Development programs, will allow 3DR Laboratories to expand their server capacity and generate up to 15 new, highly-paid jobs.
“The growth capital that Advantage Capital has provided is vital to the continued development of 3DR here in Kentucky,” said David Ferguson, Managing Director and Chairman of the Board of Directors for 3DR Laboratories. “This funding allows us to enhance our capabilities in order to better serve our clients. It also allows us to maintain our position of leadership in the imaging industry.”
3DR Laboratories provides 3D images by processing CT scans and MRIs performed at hospitals and other health care facilities. They are able to create these renditions in a matter of hours or even minutes in the case of an emergency. Since 2004, 3DR has grown to become the largest independent advanced visualization (AV) laboratory in the United States, processing more than 3,000 cases per month for 200 plus clients.
“We are pleased to provide funding to 3DR Laboratories,” noted Tim Hassler, principal at Advantage Capital. “With the assistance of the Kentucky and federal New Markets Tax Credit programs, 3DR will be able to expand their operations and create high-paying jobs in a highly distressed area.”
“The Kentucky New Markets Development program fosters the growth of small businesses and helps to drive job creation in our state by attracting private investment capital to communities like ours. I am pleased to see these investment dollars at work in my district,” stated Senator Ernie Harris (R-Crestwood).
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