Printer Friendly

OmniGuide Acquires US Laser Surgical System Maker.

MANews-(C)2009-2016

10 August 2016 - US-based energy company OmniGuide Holdings, Inc has agreed to merge its OmniGuide, Inc flexible fiber CO2 laser surgery unit with Domain Surgical Inc., the company said.

Domain Surgical is the maker of the FMX Ferromagnetic Surgical System, a surgical platform that uses ferromagnetic technology to precisely and safely cut, coagulate and seal tissue; with minimal injury to surrounding tissue as compared to other surgical technologies.

Despite advances in technology, surgical interventions can cause undesired collateral damage to healthy tissue, which can lead to post-operative pain, prolonged patient recovery and complications.

Domain Surgical's patented ferromagnetic technology is based on the principle of ferromagnetic heating.

Simply described, heat is produced when a material having magnetic "domains" is exposed to an alternating magnetic field.

The result is a surgical system that provides consistent cutting and hemostasis, with much less thermal injury than traditional electrosurgery, without passing potentially dangerous electrical current through the patient.

OmniGuide's combined technologies now deliver a variety of surgical applications, to ENT and GYN surgeons, ranging from precision cutting and ablation, to quick hemostatic dissection, to vessel sealing.

In conjunction with the merger, John T. Buhler, has been named president and CEO of OmniGuide Holdings.

OmniGuide Surgical is an advanced energy company focused on surgeons and patients.

Country: USA

Sector: Healthcare

Target: Domain Surgical

Buyer: OmniGuide Holdings

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Aug 10, 2016
Words:244
Previous Article:Pharos Capital Acquires Telepsychiatry Services Firm FasPsych.
Next Article:UK Car Dealer Lookers to Sell Parts Division to Alliance Automotive for GBP 120m.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters