3D Systems Will Enter The Realm of Virtual Reality With Acquisition of Simbionix Surgical Simulation Company
There are so many intersections between 3D printing and medicine. We have seen this in the countless stories we have covered over the past six months, related to anything from 3D printed prosthetics and 3D printed medical implants, to 3D printed medical models which are used to help guide surgeons during a procedure. 3D Systems realizes this, and back in April they acquired a company called Medical Modeling Inc. The acquisition immediately made 3D Systems one of the leaders within the surgical planning, 3D printed medical device space.
Apparently the company wishes to further their medical capabilities some more. Today 3D Systems agreed to acquire Simbionix, yet another 3D medical related company. The acquisition which is expected to close within 30 days will require 3D Systems to pay $120 million in cash for the company.
Simbionix is a global leader in 3D virtual reality surgical simulation and training. Founded in 1997, and based in Cleveland Ohio, they are committed to advancing clinical performance and optimizing procedural outcomes through education and collaboration. They have over 16 simulation platforms for over 60 different interventional procedures.
“Simbionix is a perfect match for our healthcare business and its powerful technology, products, channels and domain expertise expands our 3D healthcare capabilities from the training room to the operating room, and extends our first mover advantage in this fast growing vertical,” said Avi Reichental, President and Chief Executive Officer, 3DS.
Synergies between the two companies should make 3D Systems a medical simulation and modeling powerhouse, capable of assisting surgeons in multiple aspects of a surgery. From the planning and training, to guidance during a procedure, to fabrication of actual implants, 3D Systems will have the capabilities to transform the way in which many surgeries are conducted. In addition, the sales channels and relationships within the industry that Simbionix has already obtained, will prove to be a valuable asset within the industry.
“3D Systems is the recognized 3D healthcare leader and they have an exceptional track record of commercially deploying innovative virtual surgery and medical device products and services,” said Gary Zamler, Simbionix Corporation CEO. “We couldn’t be more excited to join this fine organization and look forward to accelerate our growth by enhancing the entire 3D digital thread for the benefit of our customers worldwide.”
Simbionix CEO Gary Zamler, will obtain the title of Vice President and General Manager of Simbionix Products for 3DS, and continue to lead in the main operations of the acquired business. Further details pertaining to this acquisition by 3D Systems will be released during their conference call, scheduled for tomorrow morning, following the release of their second quarter financial results.
Let’s hear you opinion about the medical aspirations of 3D Systems in the Simbionix acquisition forum thread on 3DPB.com.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
3D Printing Consolidation or Collaboration? The Driving Theme of AMS 2024
One of the defining features of the Additive Manufacturing Strategies (AMS) business summit has been its emphasis on the financial aspects of the 3D printing market. That was no different...
3D Printing’s Journey to a New Industrial Reality
In the world of 3D printing, we stand to witness a revolution unfold before our eyes. As the saying goes, “There’s a time and place for everything,” and for 3D...
Materialise to 3D Print Aircraft Cabin Parts via Partnership with Stirling Dynamics and Proponent
3D printing software and service provider Materialise NV (NASDAQ:MTLS) is extending its role in the field of maintenance, repair, and overhaul (MRO) for the aerospace sector. Together with Proponent, the...
Printing Money Episode 12: Q3 2023 Earnings Reports with Troy Jensen, Cantor Fitzgerald
Episode 12 of Printing Money brings with it a slightly different approach, as Alex Kingsbury sits this one out while Danny runs the show. Equity research analyst Troy Jensen, now of Cantor...
Upload your 3D Models and get them printed quickly and efficiently.