SafeStitch Medical to merge with TransEnterix, raise $30M

August 14, 2013 by Brad Perriello

SafeStitch Medical says it's agreed to a merger with private equity-backed TransEnterix and plans to issue a $30 million private placement.

SafeStitch Medical to merge with TransEnterix, raise $30M

SafeStitch Medical (OTC:SFES) and TransEnterix are set to merge next quarter in a deal that includes a private placement worth about $30 million.

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