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Lazurite Submits FDA 510(k) for ArthroFree Wireless Camera System

Medical device and technology company Lazurite Holdings LLC has submitted a 510(k) premarket notification to the U.S. Food and Drug Administration (FDA) for its ArthroFree wireless camera system for minimally invasive surgery, and that the submission has been accepted...

Titan Medical Selects Benchmark to Manufacture Enos Robotic Single Access Surgical System

Titan Medical Inc., a medical technology company focused on the design and development of innovative surgical technologies for robotic single access surgery, announced today that it has signed a manufacturing and supply agreement with Benchmark Electronics, Inc. to...

National Medical Billing Services Announces Acquisition of mdStrategies

National Medical Billing Services (National Medical), an industry leading healthcare revenue cycle management company serving the ambulatory surgery center market, has acquired mdStrategies, a full-service medical coding company focused on ASCs. The combination will...

RTI Surgical Becomes Two Independent Companies

RTI Surgical will spin off its metals business, creating two independent companies that are focused on the needs of customers and patients in distinct market segments. Ownership of both companies will be retained by Montagu, a private equity firm.

RTI Surgical Acquires Zyga Technology Inc.

RTI Surgical Inc. has signed an agreement to acquire Zyga Technology Inc., with closing subject to filing with the state of Delaware. Zyga Technology is a spine-focused medical device company that develops and produces minimally invasive devices to treat underserved conditions of the lumbar spine. Zyga Technology’s primary product is the SImmetry Sacroiliac Joint Fusion System.

“Acquiring Zyga Technology further advances our strategic transformation focused on reducing complexity, driving operational excellence and accelerating growth,” CEO Camille Farhat said. “We are increasing our focus on both internal development and external investment, and acquiring Zyga Technology’s innovative minimally invasive treatment both accentuates our robust spine portfolio and opens significant opportunities to accelerate growth.”

Zyga Technology is a private company with approximately 30 employees and approximately $4 million in annual revenue. Upon closing, RTI Surgical will fund the acquisition through a combination of cash and borrowing under its existing credit facility. Terms of the deal were not disclosed.

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