ConMed to Acquire SurgiQuest for $265M
Surgical device provider ConMed will acquire SurgiQuest for $265 million.
SurgiQuest markets the AirSeal system, an integrated access management technology for use in laparoscopic and robotic procedures that consists of a valve-free trocar. It also provides continuous pressure sensing and an integrated insufflator and smoke evacuator.
According to ConMed, clinical data show that AirSeal leads to shorter procedure times and reduced postoperative pain.
The transaction is expected to close in the first quarter of 2016. — Michael Cipriano