A Medical Device Daily
Zimmer Holdings (Warsaw, Indiana) reported that it has acquired from French-based MedTech all of its intellectual property for an intelligent surgical assistive device designed for positioning orthopedic instrumentation, with the goals of both cutting procedure time and reducing the number of instruments required during surgery. Financial details were not disclosed.
The product is called the BRIGIT – for Bone Resection Instrument Guidance by Intelligent Telemanipulator – bone resection instrument guide.
During a surgical procedure, this voice-activated device gives the surgeon the ability to position instruments based upon patient-specific, pre-operative plans established through a software interface. The surgeon then makes surgical cuts at precise angles required for the patient's specific anatomy and the telemanipulator arm assists the surgeons in maintaining the desired position.
“Unlike some competitive strategies, we are focusing on making the surgeon more efficient and not on replacing the surgeon,“ said Ray Elliott, Zimmer chairman, president and CEO. The BRIGIT system is not a surgical robot but an intelligent tool that provides feedback and guidance to the surgeon throughout the procedure.“
Zimmer said the system has the potential to reduce the number of instruments needed in a procedure, to speed the transition between steps in a procedure, and reduce procedure times through minimizing the number of instruments used – which can also reduce requirements for cleaning and sterilization of instruments.
Zimmer has submitted an application for 510(k) clearance of the system for use in total knee arthroplasty. The company says it believes the product also may be applied in the future to hip, extremity and spinal surgery as well as other procedures that require a high level of accuracy.
MedLink International (Islandia, New York) reported closing on the acquisition of CNI Medical Coding & Recovery , a medical billing and recovery company that provides services to physician offices and clinics. The deal was first disclosed in December (Medical Device Daily, Dec. 8, 2005).
CNI specializes in regaining the revenue and subsequent profits its clients practices are entitled to, using electronic claims and personalized reimbursement strategies.
MedLink said the acquisition provides it the advantages of combining technology with service into an integrated solution.
MedLink is a holding company for subsidiaries that support the MedLink VPN, which allows subscribing doctors and others to communicate and remotely access and retrieve patient records, lab results, X-rays, CAT scans and other pertinent patient information. The company's flagship product, the MedLink EHR, provides patient-centric data.
In other dealmaking news, Diagnostic Corporation of America (DCA; Clearwater, Florida) said that it has agreed to acquire all outstanding shares of WiFiMed (Maynard, Massachusetts) via a reverse merger in which WiFiMed will be merged with and into a newly formed subsidiary of DCA.
DCA said it intends to reverse split its outstanding common stock at about 1:8. Giving effect to the reverse split and the reverse merger, current shareholders of WiFiMed will be issued 90% of DCA common stock.
WiFiMed is a development stage company, which provides wireless patient information through its primary product, the Tablet MD system, operating on a tablet PC, and manages patient medical information, consultation notes, prescriptions, records and charts.