AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Promaxo Appoints Theresa A. Matacia, CFA as Chief Financial Officer

July 22, 2021 GMT

OAKLAND, Calif.--(BUSINESS WIRE)--Jul 22, 2021--

Medical imaging, robotics, and AI technology company Promaxo, Inc. (Promaxo) announced today the appointment of Theresa A. Matacia, CFA as Chief Financial Officer. With a mission to improve lives through state-of-the-art medical technology, Promaxo has made marked progress over the last year, recently receiving the 510(k) clearance from the FDA for its Innovational MRI Platform.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210722005148/en/

ADVERTISEMENT

Promaxo Appoints Theresa A. Matacia, CFA as Chief Financial Officer (Photo: Business Wire)

“Theresa’s extensive experience and proven track record leading corporate financial strategies is a significant value add to Promaxo’s development, as we strive to continue to expand our presence in the market,” said Dr. Amit Vohra, Founder, and CEO of Promaxo. “As an accomplished financial expert, particularly in B2B, Theresa will play an integral role in developing and implementing initiatives that will drive the Company’s growth.”

Matacia’s record in business and Wall Street includes execution of transactions of around $3B in value. Formerly with ADP, Scient, Inc, and ADESA, Matacia will support the company’s vision and goals of creating a technological solution that will better patient lives and physicians’ abilities to treat cancers.

“As a Chief Financial Officer, my passion has always been to elevate the potential of companies through strategic financial planning,” said Matacia. “My early career on Wall Street provided me the chance to become well-versed in the technology software and services industries, and I’m thrilled to be expanding this knowledge to the medical technology industry. I’m looking forward to working with the Promaxo team to grow the business and raise our profile in the medtech ecosystem.”

ADVERTISEMENT

Recently, Promaxo raised a funding round led by Zepp Health. Promaxo is poised to improve the patient experience and enhance the in-office care continuum for physicians..

About Promaxo, Inc.

Promaxo was founded by a team of entrepreneurs and healthcare innovators to develop a minimally-invasive and patient-centric MRI and robotic platform. Based in Oakland, California, and backed by over 90 patents, the Company’s mission is to improve lives through state-of-the-art medical imaging, robotics and AI capabilities. With a compact and adaptable MRI, Promaxo is redefining the standard of care by improving the quality and speed of patient diagnosis and interventions. The Company has formed numerous long-term and strategic partnerships with investor groups and corporations as it prepares to enter the US market.

To learn more about the technology behind the MRI system and its scope, please visit: Promaxo.com.

LinkedIn: Promaxo
Twitter: @Promaxo
Facebook: Promaxo

About Theresa A. Matacia, CFA

Theresa is a Chartered Financial Analyst (CFA) and accomplished finance executive with deep experience in defining and implementing financial and operational strategies that support the CEO’s vision. With global industry expertise in B2B Technology Software/Services, Matacia has a solid track record of sourcing, executing and completing M&A/IPO and capital raising transactions totaling $3B in value as well as multiple strategic alliances. After receiving an MBA in Finance, Matacia began a career on Wall Street as a sell-side equity analyst. During her 15-year tenure, she was widely recognized by large institutional investors for her financial and investment expertise in the Business and Technology Software/Services industries. An insightful industry expert, Matacia advised numerous senior management teams on strategy and positioning for their initial public offerings. Following her Wall Street career, Matacia led corporate finance and strategic initiatives for ADP, Scient, Inc and ADESA, and has been CFO for a number of technology and other companies.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210722005148/en/

CONTACT: Media Contact:

Jive PR + Digital

Ashley Best

e:ashley@jiveprdigital.com

m: 604.839.2745

www.jiveprdigital.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH TECHNOLOGY OTHER TECHNOLOGY GENERAL HEALTH RADIOLOGY

SOURCE: Promaxo, Inc.

Copyright Business Wire 2021.

PUB: 07/22/2021 12:00 PM/DISC: 07/22/2021 12:02 PM

http://www.businesswire.com/news/home/20210722005148/en