Johnson & Johnson (NYSE:JNJ) agreed to pay an unspecified amount to acquire Germany’s Surgical Process Institute, which makes software for standardizing and digitizing surgical workflows.
The SPI Surgical Procedure Manager software is designed to generate a step-by-step checklist to ensure that “important safety checks are completed every time, in the same order, and all supporting processes are harmonized,” J&J said.
The software helps ensure that providers meet best-in-class standards, better operating room utilization and efficiency, more consistent outcomes and better patient experience. The buyout, by J&J Medical, is slated to close during the fourth quarter, the New Brunswick, N.J.-based company said.
Johnson & Johnson said it plans to have the software on the market in Europe, the Middle East and Asia in 2018, with pilots in other areas ahead of a global rollout in 2019.
“At Johnson & Johnson medical devices companies, we are committed to broadening our portfolio of products and services to meet the changing needs of our customers around the world,” worldwide chairwoman Sandi Peterson said in prepared remarks. “SPI’s unique offerings have been shown to reduce surgery variability and the time spent in the operating room. These new digital tools will allow us to deliver a more comprehensive and effective solution for our customers and help them continue to improve patient care.”
“Our aim is to establish optimal medical standards in surgery, so that patients have access to the best treatment no matter where they are undergoing surgery,” added SPI GM Gunter Trojandt. “We have products already in use in a significant number of larger hospitals in Germany and further projects are underway in Germany, Switzerland and the Nordic Countries.”