Medtronic is acquiring Digital Surgery, a London-based private company specializing in surgical artificial intelligence, data and analytics, and digital education and training.
What you should know:
1. Digital Surgery will join the surgical robotics business in Medtronic's minimally invasive therapies group. Terms of the agreement weren't disclosed.
2, Digital Surgery and Medtronic will co-develop digital solutions to be featured in future Medtronic soft tissue robotic-assisted surgery systems.
3. Digital Surgery will remain headquartered in London, and its two surgeon co-founders will continue leading the organization. There are plans for continued investment and workforce growth.
4. Digital Surgery aims to "apply computing and AI to surgery on a meaningful scale" through its deal with Medtronic, co-founder Jean Nehme said in a news release. The acquisition is also intended to advance minimally invasive surgery and expand patient access to high quality surgical care.
5. Medtronic doesn't expect the transaction to materially affect its fiscal 2020 adjusted earnings per share, and the deal meets Medtronic's long-term financial metrics for acquisitions.