United Theranostics Secures $15 Million Senior Debt Facility to Fuel Network Growth and Expansion

Core Insights - United Theranostics has successfully closed a $15 million senior debt facility with Old National Bank to expand its network of clinics offering radiopharmaceutical therapies and clinical trials for new drugs [1][2] Company Overview - United Theranostics is a national private practice focused on providing broader access to radiopharmaceutical therapy and advanced molecular imaging in community settings [2] - The company aims to establish up to eight new centers across the U.S. within the next 12 months, modeled after its existing facilities in Glen Burnie, MD, and Princeton, NJ [2] - The company was founded by Dr. Michael Morris, Dr. Babak Saboury, and Dr. Eliot Siegel, with Dr. Munir Ghesani recently joining as Chief Medical Officer [3] Financial Partnership - The partnership with Old National Bank is expected to provide United Theranostics with a strong financial backing to accelerate clinic growth throughout 2025 and 2026 [2] - The funding will support the expansion of the company's nationwide network of community-based facilities offering both FDA-approved therapies and those in clinical trial development [2] Commitment to Patient Care - United Theranostics is dedicated to making personalized theranostics cancer treatment and clinical trials accessible to all patients in a comfortable, patient-centric outpatient setting [4]