OmniGuide Acquires US Laser Surgical System Maker.
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.
Target: Domain Surgical
Buyer: OmniGuide Holdings
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Aug 10, 2016|
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