Tag: Robot-Assisted Surgery

MAKO Surgical agrees to be acquired for around $1.65B

Stryker Corporation, a medical technology company based in Michigan, yesterday reported a definitive agreement to acquire MAKO Surgical Corp. for a purchase price of about $1.65 billion. MAKO’s stock price exploded following the announcement, gaining more than 83 percent on the day to close at $29.45. MAKO builds robots designed to assist with orthopedic surgery.

Mazor Robotics Q2 revenue doubles, beats estimates

Israeli surgical robotics firm Mazor Robotics yesterday reported promising financial results despite a net loss for second-quarter 2013, which ended June 30. According to CEO Ori Hadomi, “Our strong financial performance, highlighted by the revenue increase and gross margin expansion, demonstrates continued global adoption of our Renaissance systems as we ended the second quarter with 54

Mazor Robotics doubles Q1 revenue, focuses on U.S.

The biggest name in robot-assisted surgery is Intuitive Surgical, whose da Vinci Surgical System has been installed in more than 2,000 hospitals since its introduction in 1999. However, with sales of medical robots topping a billion dollars annually (Intuitive itself reported revenue of $611 million in its most recent quarter) and expected to grow, they are