Medtronic Announces Plans to Acquire RF Surgical Systems for $235 Million
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Medtronic has agreed to acquire RF Surgical Systems Inc., for $235 million, according to a report by Nasdaq. According to the news article, Medtronic plans to incorporate RF Surgical’s surgical sponge tracking and detection technology “as part of its Surgical Solutions division within the Minimally Invasive Technologies Group.”
The article further states that RF Surgical’s “proprietary detection system uses a low radio frequency (RF) signal to track and detect surgical gauze, sponges and towels (embedded with a RF tag) through blood, dense tissue and bone. The technology aims to reduce patient complications due to surgery, lessen unnecessary procedures, and increase efficiencies within the operating room.”
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