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ATEC acquired all assets related to the REMI Robotic Navigation System from Fusion Robotics/Accelus for $55 million in cash.
The REMI (Robotic-Enabled Minimally Invasive) System is an intra-operative platform developed by spine experts with deep navigation and robotics know-how that integrates navigation and robotics into spine procedures utilizing either a 3D imaging scan or 2D fluoroscopic images of the patient. REMI’s small, table-mounted navigation system guides instrumentation and implants to a precise destination during surgery. The incorporation of REMI into ATEC’s procedural strategy will help to improve surgical predictability, reduce radiation exposure and enhance intra-operative precision.
The sale of the REMI platform will enable Accelus to focus on its core competencies, including its Adaptive Geometry technology and implant systems, including FlareHawk Interbody Fusion, the LineSider Spinal System and new Toro Lateral (Toro-L) Interbody Fusion. As part of the transaction, ATEC will assume Accelus’ robotic research and development lab in Boulder, Colorado, and Accelus Chief Technology Officer Brad Clayton and certain other employees key to the REMI business will transition to join the ATEC team.
Kevin McGann, who previously served as Accelus’ president, is appointed to serve as President and CEO. Chris Walsh, who co-founded Accelus, will be stepping down to pursue other opportunities.
“ATEC’s intention is to further clinical distinction by integrating actionable information into spine’s procedural workflow,” remarked Pat Miles, Chairman and Chief Executive Officer. “With our SafeOp and EOS systems, we have demonstrated prowess in identifying informational technologies and know-how that can integrate information into spine surgery’s procedural workflow. We are excited to add the Fusion Robotics platform’s navigation and robotic precision capabilities to ATEC’s intra-operative informational ecosystem and advance our commitment to control clinical variables in the operating room.”
“We founded Fusion Robotics with the vision of applying years of experience and extensive know-how in image-guided surgery to designing and developing a more efficient, integrated navigation and robotics solution for spine,” added Kevin Foley, M.D., co-founder of Fusion Robotics. “We are thrilled that the Fusion team will be able to apply its prowess to accelerating the evolution of the REMI platform as part of ATEC’s innovation machine.”
Further, ATEC announced revised projected full-year 2023 total revenue of $450 million, reflecting growth of approximately 28% year-over-year.
ATEC acquired all assets related to the REMI Robotic Navigation System from Fusion Robotics/Accelus for $55 million in cash.
The REMI (Robotic-Enabled Minimally Invasive) System is an intra-operative platform developed by spine experts with deep navigation and robotics know-how that integrates navigation and robotics into spine procedures...
ATEC acquired all assets related to the REMI Robotic Navigation System from Fusion Robotics/Accelus for $55 million in cash.
The REMI (Robotic-Enabled Minimally Invasive) System is an intra-operative platform developed by spine experts with deep navigation and robotics know-how that integrates navigation and robotics into spine procedures utilizing either a 3D imaging scan or 2D fluoroscopic images of the patient. REMI’s small, table-mounted navigation system guides instrumentation and implants to a precise destination during surgery. The incorporation of REMI into ATEC’s procedural strategy will help to improve surgical predictability, reduce radiation exposure and enhance intra-operative precision.
The sale of the REMI platform will enable Accelus to focus on its core competencies, including its Adaptive Geometry technology and implant systems, including FlareHawk Interbody Fusion, the LineSider Spinal System and new Toro Lateral (Toro-L) Interbody Fusion. As part of the transaction, ATEC will assume Accelus’ robotic research and development lab in Boulder, Colorado, and Accelus Chief Technology Officer Brad Clayton and certain other employees key to the REMI business will transition to join the ATEC team.
Kevin McGann, who previously served as Accelus’ president, is appointed to serve as President and CEO. Chris Walsh, who co-founded Accelus, will be stepping down to pursue other opportunities.
“ATEC’s intention is to further clinical distinction by integrating actionable information into spine’s procedural workflow,” remarked Pat Miles, Chairman and Chief Executive Officer. “With our SafeOp and EOS systems, we have demonstrated prowess in identifying informational technologies and know-how that can integrate information into spine surgery’s procedural workflow. We are excited to add the Fusion Robotics platform’s navigation and robotic precision capabilities to ATEC’s intra-operative informational ecosystem and advance our commitment to control clinical variables in the operating room.”
“We founded Fusion Robotics with the vision of applying years of experience and extensive know-how in image-guided surgery to designing and developing a more efficient, integrated navigation and robotics solution for spine,” added Kevin Foley, M.D., co-founder of Fusion Robotics. “We are thrilled that the Fusion team will be able to apply its prowess to accelerating the evolution of the REMI platform as part of ATEC’s innovation machine.”
Further, ATEC announced revised projected full-year 2023 total revenue of $450 million, reflecting growth of approximately 28% year-over-year.
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
