Augmedics announced today that it successfully bid for the digital health assets of Surgalign and Holo Surgical following an auction. Surgalign conducted the court-supervised marketing and sale process following its Chapter 11 bankruptcy filing in June. It conducted the auction process in accordance with bidding procedures approved by the U.S. Bankruptcy Court for the Southern […]
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Augmedics closes $82.5M Series D, marks 4,000 U.S. patients treated with Xvision
Augmedics announced today that it closed a Series D financing worth $82.5 million just after recording the 4,000th U.S. patient treated with Xvision. The Xvision Spine System uses augmented reality to give surgeons “X-ray vision” during surgery. It launched new, FDA-cleared features and indications for the system in March. The system superimposes critical data onto […]
AI is part of Augmedics’ Xvision Spine System expansion
Augmedics announced today that it launched new, FDA-cleared features and indications for its Xvision Spine System. Updates to Xvision come just weeks after the company hit its 3,000-patient milestone for the system. It marks Xvision’s largest expansion since its commercial launch. Chicago-based Augmedics said in a news release that the launch creates a technical foundation […]
Augmedics founder leaves company
More than eight years after founding Augmedics, Nissan Elimelech is leaving the developer of augmented reality surgical guidance systems. Elimelech stepped down from the corner office in January to make way for former Bardy Diagnostics CEO Kevin Hykes. Elimelech stayed on in a chief product officer role. But in a LinkedIn post today, Elimelech said: […]
The biggest medtech personnel moves so far in 2022
In the ever-changing world of medtech, those who are leading the companies are bound to move around a bit. At the end of last year, we compiled a list of medtech’s biggest personnel changes in 2021. So far in 2022, we’ve already seen a slew of major moves involving some of the space’s most powerful […]
Augmedics adds former J&J, Medtronic executives to leadership positions
Augmedics announced today that it appointed a new independent director to its board and a new chief marketing officer. Chicago-based Augmedics confirmed that Nadav Tomer will join as an independent director, while Reed Krider will be chief marketing officer (CMO). Tomer joins with 23 years of global experience, having retired from Johnson & Johnson in […]
Former Bardy Diagnostics CEO assumes corner office at Augmedics
Augmedics announced that it appointed former Bardy Diagnostics CEO Kevin Hykes as its new president & CEO. A 30-year medical device veteran, Hykes previously served as an operating partner at Revival Healthcare Capital. Before that, he was president & CEO at Bardy Diagnostics, having held the same roles at Relievant Medsystems. Additionally, Hykes has been […]
Augmedics appoints chief financial officer
Augmedics announced today that it appointed Raj Asarpota as its new EVP and CFO. Chicago-based Augmedics said in a news release that Asarpota, whose role becomes effective today, will lead the company’s global finance organization and be responsible for accounting, treasury, financial planning and analysis, tax and investor relations. The augmented reality-based imaging technology developer […]
MedTech 100 roundup: Industry continues climb
One week after hitting an all-time best mark, the medtech industry has done it again, reaching new heights on Wall Street. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — continued its rise, finishing the week (July 9) at 114.79 points, a rise of 0.2% from the 114.59-point mark […]
Augmedics adds J&J, Stryker veterans to board leadership
Augmedics announced that it appointed Rick Anderson as executive chairman of its board and Bradley Paddock as the board’s independent director. Chicago-based Augmedics said yesterday in a news release that Anderson joined the board in March upon the closing of Augmedics’ oversubscribed $36 million Series C financing round. Paddock then joined in May and both […]
Augmedics raises $36M in oversubscribed Series C
Augmented reality-based imaging company Augmedics announced that it raised $36 million in an oversubscribed Series C financing round. Having closed a $21 million Series B round eight months ago, Chicago-based Augmedics has raised $63 million to date, according to a news release. The company plans to use the funds to continue commercialization efforts, develop the […]
