BUSINESS WIRE<\/a>)–
\nAlphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today that it has acquired all assets related to the REMI Robotic Navigation System from Fusion Robotics, LLC, a privately held medical technology company, for a purchase price of $55 million.<\/p>\n\nThe REMI (Robotic-Enabled Minimally Invasive) System is an intra-operative platform developed by spine experts with deep navigation and robotics know-how that integrates navigation and robotics into spine procedures utilizing either a 3D imaging scan or 2D fluoroscopic images of the patient. REMI\u2019s small, table-mounted navigation system guides instrumentation and implants to a precise destination during surgery. The incorporation of REMI into ATEC\u2019s procedural strategy will improve surgical predictability, reduce radiation exposure and enhance intra-operative precision.<\/p>\n
\n\u201cATEC’s intention is to further clinical distinction by integrating actionable information into spine\u2019s procedural workflow,\u201d remarked Pat Miles, Chairman and Chief Executive Officer. \u201cWith our SafeOp and EOS systems, we have demonstrated prowess in identifying informational technologies and know-how that can integrate information into spine surgery\u2019s procedural workflow. We are excited to add the Fusion Robotics platform\u2019s navigation and robotic precision capabilities to ATEC\u2019s intra-operative informational ecosystem and advance our commitment to control clinical variables in the operating room.\u201d<\/p>\n
\n\u201cWe founded Fusion Robotics with the vision of applying years of experience and extensive know-how in image-guided surgery to designing and developing a more efficient, integrated navigation and robotics solution for spine,\u201d added Kevin Foley, M.D., co-founder of Fusion Robotics, LLC. \u201cWe are thrilled that the Fusion team will be able to apply its prowess to accelerating the evolution of the REMI platform as part of ATEC\u2019s innovation machine.\u201d<\/p>\n
Preliminary, Unaudited First Quarter 2023 Financial Update<\/b><\/p>\n
\nATEC’s preliminary total revenue grew over 52% year-over-year in the first quarter. Continued strong momentum fueled preliminary surgical revenue growth of over 53%, led by surgical volume growth of at least 39% compared to the prior year period.<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20230419005422\/en\/1767971\/3\/smaller_informed_logo_on_white.jpg\"){kind=logo}
<\/td>\n<\/tr>\n