Trice Medical plans to acquire S.E.G-WAY Orthopaedics, a producer of minimally invasive orthopedic solutions.
Three takeaways:
1. SegWAY developed the Endoscopic Carpal Tunnel Release, a device to support minimally invasive carpal tunnel surgeries.
2. Trice Medical understands the growing need for accurate, cost-effective orthopedic diagnostic solutions and developed its mi-eye, a fully-disposable arthroscopic camera.
3. Financial terms of the deal were not disclosed.
"The SegWAY acquisition transforms Trice Medical into the first company that offers both minimally invasive orthopedic diagnostic and surgical solutions,” said Jeffrey O’Donnell Sr., CEO of Trice Medical. “We’re looking forward to integrating the SegWAY offerings and building on our combined strengths. One of the areas we’re looking at is using our minimally invasive camera technology in the operating room as well."