UPDATE: Includes new information on CEO Segersten’s resignation
Solos Endoscopy said last Friday that the American Medical Group has acquired a controlling interest in the company from Solos’ president, Bob Segersten.
The Boston-based company said that, in connection with the acquisition of shares, American Medical Group prez Dom Gatto will join Solos Endoscopy’s board of directors.
“I believe that American Medical Group LLC is the needed change necessary to increase the value of our company for our shareholders and provide for future growth opportunities. It is with complete confidence that we feel this move will lead to a new future for the company and increased sales worldwide,” prez Segersten said in a press release.
A day after selling the shares, Segersten said he is stepping down as CEO and board chair of the company, citing personal reasons and “the desire to work on projects within the field of law.”
“I look forward to my retirement and witnessing the growth of Solos as an innovative and dynamic medical device company. The company will be finalizing its agreement to appoint a new CEO in the days ahead and we are confident that the company will move forward towards a prosperous future,” Segersten said in a press release.
