Friday, November 22, 2024

Microline Surgical Expands Healthcare Products Offering with Acquisition of Surgical Instrumentation Assets from Retraction Limited

Microline Surgical, Inc, a subsidiary of HOYA Corporation, announced that it has acquired the rights to certain laparoscopic instrumentation assets from RETRACTION Limited.

The acquisition includes REVEEL branded products, which are used by surgeons for liver retraction in laparoscopic surgeries. The REVEEL devices are engineered to gently retract the liver and provide an unobstructed view of the surgical site during a procedure. REVEEL’s patented surface also protects the liver from sliding during procedures. The REVEEL products have been cleared and are available for sale in many countries, including the United States, the United Kingdom, and the EU.

“We are pleased to announce the signing of this agreement, as the addition of REVEEL to the Microline portfolio enhances Microline’s mission to enable customers to reduce surgical costs and complications, and to improve surgical outcomes,” said Timothy Gehlmann, President and Chief Executive Officer of Microline.

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“We are thrilled to transfer the rights to our REVEEL Endoscopic Retractor to Microline. Microline is a strong partner, and this transition will enable a greater number of patients and medical practitioners to benefit from our patented technology,” said Stuart Moran, Chief Executive Officer of RETRACTION Limited.

As a proud member of the HOYA Group of Life Care companies, Microline shares HOYA’s goals including Commitment to Customers in providing safe, high-quality products and services that offer true value.

Microline Surgical is a medical technology company specializing in the design, development, and manufacture of advanced surgical instruments. Microline Surgical offers a diverse range of surgical instruments, including graspers, dissectors, scissors, and specialized instruments tailored to specific surgical procedures. These instruments are designed to enhance surgical outcomes, improve customer’s sustainability results, and reduce to cost of care. While the company is headquartered in the United States, it serves a global customer base, supplying surgical instruments to healthcare facilities and professionals worldwide.

SOURCE: Businesswire

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