Proception Medical, a medical device incubator, has partnered with a private equity fund to seek and evaluate private investment and buy-out opportunities in the orthopaedic and medical device industries.
Members of Proception Medical will be attending the Annual American Academy of Orthopaedic Surgeon Meeting in New Orleans next week to investigate investment and new product opportunities.
Proception Medical bridges the gap between surgeon inventor and strategic exits by taking the device through the development, regulatory approvals and limited launch process.
The partnership with the private equity firm allows Proception Medical to create similar value for companies needing investment or buy-out capital to achieve the next stage of growth, as they do for the surgeon inventor.
The fund is looking at investment opportunities into revenue positive companies with sales up to USD25m as well as product divestitures.
