Intuitive Acquires Orpheus Medical to Expand Informatics Platform for Hospitals
February 10 2020 - 4:01PM
Intuitive (Nasdaq: ISRG), a global technology leader in minimally
invasive care and the pioneer of robotic-assisted surgery,
announced it has acquired privately held Orpheus Medical to deepen
and expand its integrated informatics platform.
Orpheus Medical provides hospitals with information technology
connectivity, as well as expertise in processing and archiving
surgical video.
“The addition of Orpheus will provide customers —including
surgeons, patient care teams and hospitals—with ready access to and
a deeper understanding of their data, which we believe may help our
customers improve patient outcomes and lower total treatment
costs,” said Julian Nikolchev, Intuitive’s senior vice president of
corporate development and strategy.
Orpheus develops and distributes its clinical video management
and analytics platform, which hospitals use across surgical
disciplines. The platform offers the ability to capture and share
clinical video and imaging from many sources, which may help
improve physician and OR care team workflow and enable analysis of
their interventions.
“Combining both companies’ innovative technologies with
Intuitive’s global reach and resources will enable current and
future customers easier and faster access to their data,” said
Gaddi Menahem, CEO of Orpheus Medical.
Orpheus will be a wholly owned subsidiary of Intuitive. Terms of
the acquisition were not disclosed.
About Intuitive Intuitive (Nasdaq: ISRG),
headquartered in Sunnyvale, Calif., is a global technology
leader in minimally invasive care and the pioneer of
robotic-assisted surgery. At Intuitive, we believe that minimally
invasive care is life-enhancing care. Through ingenuity and
intelligent technology, we expand the potential of physicians to
heal without constraints.
Intuitive brings more than two decades of leadership in
robotic-assisted surgical technology and solutions to its
offerings, and develops, manufactures and markets the
da Vinci® surgical system and the Ion™ endoluminal
system.
About the da Vinci Surgical System There are
several models of the da Vinci surgical system.
The da Vinci surgical systems are designed to help
surgeons perform minimally invasive surgery.
Da Vinci systems offer surgeons high-definition 3D
vision, a magnified view, and robotic and computer assistance. They
use specialized instrumentation, including a miniaturized surgical
camera and wristed instruments (i.e., scissors, scalpels and
forceps) that are designed to help with precise dissection and
reconstruction deep inside the body.
For more information, please visit the company’s website
at www.intuitive.com.
Forward-Looking Statement
This press release contains forward-looking statements,
including statements regarding the company’s acquisition of Orpheus
Medical. These forward-looking statements are necessarily
estimates reflecting the best judgment of the company’s management
and involve a number of risks and uncertainties that could cause
actual results to differ materially from those suggested by the
forward-looking statements. These forward-looking statements
should, therefore, be considered in light of various important
factors, including, but not limited to, the following: the risk
that Orpheus Medical cannot successfully expand its customer base
or grow revenue after closing, risks associated with integrating a
newly acquired business outside of the United States, diversion of
management and other resources in supporting the newly acquired
business, and other risk factors under the heading “Risk Factors”
in the Company’s report on Form 10-K for the year
ended December 31, 2018, as updated by the Company’s other
filings with the Securities and Exchange Commission.
Statements using words such as “estimates,” “projects,” “believes,”
“anticipates,” “plans,” “expects,” “intends,” “may,” “will,”
“could,” “should,” “would,” “targeted,” and similar words and
expressions are intended to identify forward-looking statements.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company undertakes no obligation to publicly
update or release any revisions to these forward-looking
statements, except as required by law.
Contact Global Public Affairs Intuitive
Surgical corp.comm@intusurg.com +1-408-523-7337
Source: Intuitive Surgical, Inc.
PN# 1069571-RevA-US-February2020
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