Operative Experience (OEI), a developer of high-fidelity human patient simulators, has completed a $5.5 million Series A round of financing with participation from new and existing investors, including a substantial investment from Lou Oberndorf, Executive Chairman of OEI. The healthcare simulation company plans to aggressively accelerate sales, marketing and execution of its product roadmap.
OEI produces simulators to rapidly train clinicians and students in critical, life-saving skills in childbirth and emergency obstetrics, tactical trauma training for medics and law enforcement, as well as fully-operable models for trauma surgeries, including damage control laparotomy and emergency thoracotomy.
The company has raised more than $10 million In private financing and government grants since its founding in 2009. The new round of financing will be used to support expansion of the company’s sales, marketing and product development capabilities.
The Series A financing comes during a year of growth for OEI, including the launch of its new birthing simulator, RealMom™ and a rapid increase in sales of its emergency obstetrics and tactical casualty care simulators. The company also added simulation industry veterans to its sales and executive team and tripled the size of its production capacity at its headquarters in North East, Maryland.
“The healthcare market is primed for the next generation of experiential learning solutions”, said Oberndorf. “OEI’s proven innovation and technology in the healthcare simulation puts the company on a path for positive growth and ensures we are well positioned to meet the growing needs of healthcare training and education worldwide.”