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Robot-assisted surgery systems leader Intuitive Surgical Inc. yesterday said it has acquired Orpheus Medical Ltd. to expand its informatics platform for hospitals. It did not disclose the financial terms, and Orpheus will be a wholly owned subsidiary of Intuitive.
Orpheus Medical, which has offices in New York; Frankfurt, Germany; and Haifa, Israel, provides clinical video and imaging documentation. Its platform enables healthcare providers to capture, process, and archive images and video from multiple sources and share it in the cloud. Physicians and operating room teams can use the system to analyze their interventions and improve workflows and the quality of care, said the company.
Orpheus’ platform works endoscopy systems, mobile image capture, and surgical systems for multiple disciplines. It has been used to record video of prostatectomies conducted with Intuitive’s da Vinci surgical robot, which had 5,582 installations as of last December. The platform is interoperable with electronic medical record (EMR) and vendor-neutral archives (VNA).
Orpheus to deepen data comprehension, grow global reach
Both companies said they expect to benefit from the acquisition, which adds hardware and data services for the global robot-assisted surgery market, which will experience a compound annual growth rate of 22.75% and reach $21.2 billion by 2023, according to Market Reports World.
“The addition of Orpheus will provide customers — including surgeons, patient care teams and hospitals –with ready access to and a deeper understanding of their data, which we believe may help our customers improve patient outcomes and lower total treatment costs,” stated Julian Nikolchev, senior vice president of corporate development and strategy at Sunnyvale, Calif.-based Intuitive.
“Combining both companies’ innovative technologies with Intuitive’s global reach and resources will enable current and future customers easier and faster access to their data,” said Gaddi Menahem, CEO of Orpheus Medical.