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Medtronic on Thursday announced that it has acquired Digital Surgery, a company specialising in surgical artificial intelligence (AI), data and analytics, as well as digital education and training. Financial terms of the deal were not disclosed.
Megan Rosengarten, vice president and general manager of Medtronic's surgical robotics business, remarked that "capabilities and solutions in the data and analytics space play a critical role in our continued focus on advancing minimally invasive surgery…By pairing digital solutions with robotic platforms and instrumentation, we can have a big impact on expanding patient access."
According to Medtronic, the acquisition will help speed up its "strategy to provide AI and data within laparoscopic and robotic-assisted surgery," while it also "has applicability for the [company's] broader portfolio." Further, digital solutions co-developed with Digital Surgery are expected to be offered on future Medtronic soft-tissue robotic-assisted surgery systems.
Digital Surgery will remain headquartered in London, where continued investment and workforce expansion are planned, while its executive team, including co-founders Andre Chow and Jean Nehme, will remain in place and continue to provide leadership. The company will join Medtronic's surgical robotics business, a division within its minimally invasive therapies group. Meanwhile, Medtronic noted that the acquisition is expected to be immaterial to its fiscal 2020 adjusted earnings per share.
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