Globus Medical, a leading musculoskeletal solutions manufacturer, announced that the acquisition of KB Medical SA, a robotic developer based in Lausanne, closed during the second quarter of 2017. KB Medical offers a complete robotic assistance system, providing innovative and highly precise surgical solutions.
“The acquisition of KB Medical demonstrates Globus Medical’s continued commitment and enthusiasm for the potential impact of robotic technology on surgery,” said Dave Demski, President, Emerging Technologies. “The addition of KB Medical will enable Globus Medical to accelerate, enhance and expand our product portfolio in Imaging, Navigation and Robotics. KB Medical’s experienced team of technology development professionals, its strong IP portfolio, and shared philosophy for robotic solutions in medicine strengthen Globus Medical’s position in this strategic area.”
KB Medical, a spin-off from EPFL founded in 2012, has developed a unique technology platform to perform robotassisted surgery - it combines the reach for spine, the strength for orthopedic and the accuracy necessary for neurosurgery. The first product, the AQrate Robotic Assistance System for spinal surgery, has successfully completed clinical trial with spinal fusion surgery on 24 patients, is fully industrialized, received CE certification in June 2016.
About Globus Medical, Inc.
Globus Medical, Inc. is a leading musculoskeletal solutions company based in Audubon, Pennsylvania, USA. The company was founded in 2003 by an experienced team of professionals with a shared vision to create products that enable surgeons to promote healing in patients with musculoskeletal disorders. In 2016 the company reported a revenue of $564.0 million.
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