• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Medicrea looking for a buyer

Medicrea looking for a buyer

January 14, 2020 By Sean Whooley

MedicreaMedicrea (EPA:ALMED) announced that it is engaged in active discussions with potential strategic partners in the U.S. spine industry as it seeks to execute an agreement resulting in a company takeover, partnerships or distribution agreements.

The company said that leading U.S. groups have made regular approaches to share industry developments and review potential strategic partnerships around its UNiD adaptive spine intelligence (ASI) technology platform.

The UNiD ASI is designed to use artificial intelligence to enhance clinical and surgical workflow, increase reproducibility, improve surgical outcomes and expand the potential for surgeons. The platform is designed to allow the surgeon to plan cases in the pre-operation stage, with the AI providing a way to visualize mechanisms above and below the spine that will most likely occur based on the surgical plan. Last week, the company announced that it won seven new patents for the UNiD ASI.

According to a news release, Medicrea already reviewed offers from 2019 that were “significantly above” current trading prices, but elected not to pursue them. The company said the generated interest led it to attempt to maximize market access by using the sales and marketing resources of the groups, so it hired investment bank Cowen & Company to assist it along the way.

Currently, Medicrea says the discussions are only preliminary and no firm and binding proposals have been received, so there is no certainty that ongoing discussions will result in a transaction. As a result, the company said it plans to move forward with a fundraising effort to meet its 2020 financial needs.

“Under confidentiality agreements and in compliance with the applicable regulations on public information, the company states that it is currently providing interested parties with the necessary information to enable them to assess the strategic and financial terms and conditions that may lead them to formulate various proposals for cooperation,” Medicrea CEO Denys Sournac said in the release.

Until an agreement is reached or abandoned, Medicrea said it does not plan to make any further comment beyond its latest news release.

Shares of ALMED were up 15.3% at $4.10 (€3.69) per share in late-morning trading today.

Filed Under: Business/Financial News, Featured, Funding Roundup, Mergers & Acquisitions, Orthopedics, Software / IT, Spine, Surgical Tagged With: Medicrea, Medicrea Group

More recent news

  • Zynex submits laser pulse oximeter to FDA
  • Roche invests $550M to make Indianapolis a CGM manufacturing hub
  • Product liability lawsuits target Medtronic, Boston Scientific spinal cord stim tech
  • GE HealthCare launches new MRI scanner
  • HistoSonics earns first major reimbursement win for non-invasive histotripsy

About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy