US HIFU EB-5 Project Overview

US HIFU EB-5 Project Overview


US HIFU, a privately held healthcare company currently located in Charlotte, North Carolina, is committed to treating prostate cancer using high intensity focused ultrasound (HIFU) with the Sonablate® 500, a minimally invasive, outpatient procedure pioneered to control cancer and significantly improve patients’ quality of life. Since its establishment in 2004, US HIFU continues to manufacture, distribute and manage the delivery of cancer treatment with the Sonablate 500, the medical device designed to treat prostate disease with HIFU energy, currently the subject of two ongoing FDA trials. To date, US HIFU has raised equity investments from its four founding members; Galen Partners, a healthcare private equity firm, and U.S. based accredited Investors, primarily U.S. physicians. These investments have been used to fund US HIFU’s rapid growth, purchase Sonablate 500s and fund clinical trial activities. US HIFU now plans to consolidate its corporate headquarters, distribution and manufacturing in Lancaster County, South Carolina. The State of South Carolina and Lancaster County have agreed to support this effort in the form of certain incentives.


Prostate cancer is the most common non-skin cancer in men and the third leading cause of male cancer deaths. There are several different treatments available for prostate cancer, but traditional treatments such as surgery and radiation can often leave men with unwanted side effects such as impotence and incontinence. Sonablate HIFU is a one-time, outpatient procedure that is nonsurgical and radiation free. When HIFU energy is delivered to a specific location within the body, the tissue temperature at that site, or focal point, is elevated to nearly 195 degrees Fahrenheit in a matter of seconds, resulting in tissue destruction. Tissue outside the focal point remains unharmed. Unlike radiation, HIFU uses clean, or non-ionizing, energy, so the procedure may be repeated if necessary without damaging healthy tissue. More than 9,000 patients have undergone Sonablate HIFU outside the U.S.


Investors that make an investment in an EB-5 project located in a United States Citizenship and Immigration Services (USCIS) designated Targeted Employment Area (TEA) must make a qualifying investment of $500,000 and demonstrate that certain job creation requirements were met as a result of that investment. Prior to the release of an Investor’s fund from escrow, each Investor must petition the USCIS for and receive an EB-5 Visa. Investors that qualify will receive a conditional Green Card valid for two years. The Investor, spouse and unmarried children (under age 21 at the time of petition) can then apply for permanent residency based on investment.


US HIFU has worked with Larry Behar Law Group, a Fort Lauderdale, Florida, and based full services law firm, to plan its EB-5 investment project and prepare all Investor materials. The Larry Behar Law Group will provide immigration legal services, including the filing of all visa applications for Investors in US HIFU.


US HIFU has partnered with the USCIS approved Regional Center of the Carolina Center for Foreign Investment, LLC (CCFI) to sponsor the applications of its Investors. CCFI is owned by The Furman Co., Investment Advisory Services LLC, an integral part of The Furman Co., South Carolina’s oldest and most respected full service commercial real estate firm since 1888.


1. Investor executes Confidentiality Agreement and Accredited Investor Form and returns them to US HIFU.

2. CCFI provides the Investor the necessary investment documentation to non-US email or physical address.

3. Investor executes the necessary documents and wires the following amounts to the designated accounts: a. $50,000 for legal and marketing expenses ($25,000 refundable upon denial of EB-5 Visa); and

b. $500,000 investment in US HIFU.

4. Investor receives two year conditional Green Card (approx. 6-8 months. from investment).

5. After certain job creation requirements are met by US HIFU, Investor receives permanent Green Card.

6. Investor may, at his or her own choice, seek permanent United States Citizenship based on investment.

H&A ASSOCIATES, P.C     John D. Hu, Esq.http://www.hoolaw.com/

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