There’s nothing scary for Ametek Inc. shareholders in the $1.9 billion acquisition of Paragon Medical Inc. announced on Oct. 31, 2023. The deal moves the industrial technology company solidly into the med-tech space as it picks up Paragon’s portfolio of products in orthopedics, minimally invasive surgery, robotic surgery and drug delivery, and adds an estimated $500 million per year in revenue and “very strong EPS accretion,” Ametek CEO David Zapico said in an investor call on Oct. 31.
The FDA cleared Levita Magnetics’ new abdominal surgery platform, which combines the company’s proprietary magnetic surgical technology with robotic assistance. The system is designed to deliver all the same patient benefits as its original magnetic surgery system such as reduced incisions, less pain, fewer scars and speedier recovery while also giving surgeons better control of their instruments.
Intuitive Surgical known for its robotic surgical system da Vinci, said it is seeing post-Covid demand surge from hospitals in India, as they aggressively expand into robotics. The demand for robotic-assisted surgical systems is also coming from standalone hospitals and hospitals based in smaller cities along with large hospital chains of metro and tier-1 cities.
/PRNewswire/ The "Surgical Robotics Market - A Global and Regional Analysis: Focus on Type, Application, End-user, and Country - Analysis and Forecast,.