Trice Medical introduced at this time that it has signed an settlement to amass SegWay Orthopedics for an undisclosed quantity.
SegWay Ortho produces options for minimally invasive orthopedic procedures, together with its flagship endoscopic carpal tunnel launch system, a tool to assist minimally invasive carpal tunnel surgical procedure, stated Trice Medical, based mostly in Malvern, Penn.
The corporate's SegWay platform can be utilized in minimally invasive surgical procedure for cubital tunnel syndrome, equine gastrocnemius contracture and flat fasciitis, Trice Medical added.
"We’re delighted that SegWay is partnering with Trice. In simply over 5 years, with progress of 30 to 40% over final 12 months, we’ve got created an incredible enchantment for orthopedic surgeons. Working with Trice Medical, which is creating applied sciences utilizing cameras and ultrasound, enhances our providing to those physicians, "stated Stuart Seymour, founder and CEO of Segway, in a ready speech.
"The acquisition of SegWay makes Trice Medical the primary firm to supply each minimally invasive orthopedic diagnostic options and surgical options. We look ahead to integrating SegWay's choices and leveraging our mixed strengths. One of many areas we’re at present is the usage of our mini-invasive digital camera know-how within the working room, "stated Trice Medical CEO Jeffrey O'Donnell Sr. m stated in a press launch.
Final month, Trice Medical stated that it added greater than $ 18 million to the $ 19 million C collection he closed in 2017.