Corindus Vascular Robotics is one of the global major developers of precision vascular robotics through technological platform. The company has helped in the creation of robotic procedures which are useful in branches such as assisted coronary, peripheral and neurovascular. The company was known to have developed the first FDA-cleared medical device to ensure robotic precision in procedures; the CorPath platform. Generally, they are focused on creating highly innovative robotic technological solutions which provides specialized medical treatments to patients through modernized emergent treatment methods.
The recent acquisition of this company by Siemens Medical Solutions; a subsidiary of the Siemens Healthineers AG represents a purchase total of about $1.1 billion in cash. According to Mark J. Toland, president and CEO at Corindus, the agreement is totally pleasing to all as it is hoped that it will increase the value delivered to all stockholders and also value of services delivered to all pre- existing customers.
It is believed that the merging of the highly advanced quality of precision tools from Siemens Healthineers and the already created robotic platform from Corindus will create breakthrough solution in healthcare delivery to patients suffering from peripheral and cardiovascular diseases. This integration between the two companies is one that ought to bring about a tremendous effect in the healthcare system.
Although discussions on this acquisition have been concluded and also approved by the board of directors at Corindus, it is expected that the transaction will be fully effected in the fourth quarter of the year 2019. This is as a result of some other conditions including the Hart-Scott-Rodino Antitrust Improvements Act, among many others.
The Siemens Healthineers is a global leading organization which provides other healthcare providers with technological tools needed for empowerment in fields such precision medicine, healthcare delivery, digitalization of healthcare and also ensuring that customers are provided the highest quality experience possible.