View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 14, 2015updated 21 Jul 2022 7:54am

Medtronic to buy RF Surgical Systems for $235m

Medtronic has signed a definitive agreement to acquire US-based medical device company, RF Surgical Systems, for $235m.

Medtronic

Medtronic has signed a definitive agreement to acquire US-based medical device company, RF Surgical Systems, for $235m.

Free Report
img

Find the right pricing strategy for your medical device

How do your competitors set prices in different markets? Will reducing your prices win market share from your main competitors? Do you need to position products differently for different markets? To find out, use our Global Brand Pricing tool to achieve optimal pricing for your devices. Detect price changes, understand competitor market positioning, and plan new product launches, by accessing this tool today. It features:
  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
by GlobalData
Enter your details here to receive your free Report.

The RF Surgical business will be merged into Medtronic’s Surgical Solutions division within the Minimally Invasive Technologies Group.

Headquartered in Carlsbad, California, RF Surgical Systems develops systems to detect and prevent surgical sponge-related ‘never events.’

Medtronic Minimally Invasive Therapies Group Surgical Innovations Business president and senior vice-president Chris Barry said: “Patients are our priority. Improving patient safety and outcomes is our daily focus, which directly aligns with the RF Surgical technology, a simple and cost-effective solution to avoidable complications in surgical procedures.”

“We are pleased to be joining the Medtronic team as their long-standing commitment to patient safety closely aligns with RF Surgical.”

RF Surgical Systems CEO John Buhler said: “We are pleased to be joining the Medtronic team as their long-standing commitment to patient safety closely aligns with RF Surgical.”

Characterised by leaving a sponge, gauze or towel inside a patient, surgical-related never events, if left untreated, could cause serious and life-threatening issues such as intra-abdominal abscess, intestinal fistula or obstruction, perforated colon, haemorrhaging or infection.

The RF Surgical system uses a low-radio frequency (RF) signal to track and detect surgical gauze, sponges and towels through blood, dense tissue and bone.

The proprietary detection technology aims to reduce patient complications due to surgery, lessen unnecessary procedures and increase efficiencies within the operating room.

RF Surgical Systems produces RF Assure Detection System X, which includes three scanning devices that will detect sponges in the patient or surrounding suite without disrupting existing workflow.

The firm’s RF Assure Delivery System was designed to assist in preventing retained sponges in the labour and delivery environment. In addition, the company produces RFDetect Premium, which is an exclusive line of surgical lap sponges, gauze and towels.

Subject to regulatory approvals, the transaction is expected to be completed by August.


Image: Medtronic operational headquarters, Minneapolis, US. Photo: courtesy of Medtronic, Inc.

Related Companies

Free Report
img

Find the right pricing strategy for your medical device

How do your competitors set prices in different markets? Will reducing your prices win market share from your main competitors? Do you need to position products differently for different markets? To find out, use our Global Brand Pricing tool to achieve optimal pricing for your devices. Detect price changes, understand competitor market positioning, and plan new product launches, by accessing this tool today. It features:
  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Medical Device Network