Brainlab acquires Medineering ’ s robotics platform

Brainlab said today that it acquired Medineering and its line of robot-assisted surgery devices for an undisclosed amount. Brainlab, which earlier this month dealt its orthopedic joint reconstruction assets to Smith & Nephew (NYSE:SNN), is already an investor and markets the Medineering robot-assisted surgical arm under the Cirq brand. The Munich-based company said it plans to fold the Medineering tech into its open-architecture surgery offering. “Medineering introduced a fresh new approach to surgical robotics when we entered into our partnership less than three years ago,” pesident & CEO Stefan Vilsmeier said in prepared remarks. “Today, we are shifting gears and accelerating development with additional resources to address a broader clinical market.” “Becoming part of Brainlab means scalability for our technology and improved market access,” added Medineering co-founder & CEO Stephan Nowatschin. “Combining our open platform with the software ecosystem from Brainlab will enable more efficient development of very competitive clinical solutions.” The post Brainlab acquires Medineering’s robotics platform appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Featured Mergers & Acquisitions Robotics Wall Street Beat Brainlab Medineering Source Type: news