Augmedics, a leader in augmented reality surgical navigation, has won the bidding for Surgalign and Holo Surgical’s digital health assets after a competitive auction. This follows Augmedics’ recent $82.5 million funding and strengthens their AR and AI portfolio for enhanced surgical outcomes. The sale is pending approval by the Bankruptcy Court on August 8, 2023.
Augmedics, a pioneer in augmented reality (AR) surgical navigation, today announced it has been named the successful bidder for the digital health assets of Surgalign and Holo Surgical following a competitive auction process. The news comes a month following Augmedics’ $82.5 million raise to accelerate the adoption of augmented reality spine surgery and further strengthens the company’s AR and AI portfolio with intellectual property and other digital health assets.
“We are pleased to further expand our strong technical and intellectual property position in the field of augmented reality surgery with this planned acquisition,” said Augmedics President & CEO Kevin Hykes. “Augmedics shares Surgalign’s passion for developing cutting-edge technology in the name of improved surgical outcomes. We look forward to leveraging these assets to further evolve the xvision platform.”
The sale will close pending approval by the Bankruptcy Court at a hearing set for August 8, 2023.
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Source: BioSpace