Mazor is getting acquired by Medtronic
"Medtronic announced this week the intention to purchase Mazor Robotics, the
Israeli manufacturer of the up-and-coming robotic assisted surgical
system Mazor X and the Renaissance Guidance System. Medtronic is
expected to spend a total of $1.64 billion to bring Mazor X fully into
the fold.
Designed for spine surgeries, the Mazor X made its proper debut
a little more than two years ago and then launched commercially a few
months later at the annual meeting of the North American Spine Society
(NASS). Medtronic was an early and enthusiastic investor in Mazor
Robotics, plugging $20 million into the company in July 2016 and issuing a purchase order for 15 systems at the point Mazor X officially hit the market.
Medtronic continued to invest in Mazor Robotics and eventually set an agreement to serve as the sole distributor for Mazor X systems and associated tools. Positioning the Mazor X as a innovative technology that aligned with Medtronic’s established line of spinal pro…
Medtronic continued to invest in Mazor Robotics and eventually set an agreement to serve as the sole distributor for Mazor X systems and associated tools. Positioning the Mazor X as a innovative technology that aligned with Medtronic’s established line of spinal pro…
