7D Surgical Announces New Distribution Agreement With LifeHealthcare Group Limited for Australia and New Zealand
TORONTO, Aug. 27, 2018 — 7D Surgical Inc announced today that it has entered into a new supply agreement for the distribution of 7D Surgical’s innovative image guidance technologies with LifeHealthcare Group Limited. LifeHealthcare is a leading independent provider of medical devices and healthcare solutions in Australia and New Zealand. 7D Surgical develops advanced optical technologies and machine vision-based registration algorithms to improve surgical workflow in spine and cranial image guidance. This is 7D Surgical’s first partnership outside of North America.
“Finding the right partner is paramount as 7D Surgical expands into key global markets. We could not be more pleased to select the experienced and passionate team at LifeHealthcare to represent the MvIGS technology,” said Beau Standish, CEO of 7D Surgical. “Surgeons in Australia and New Zealand have demonstrated wide adoption of image guidance technology over the last decade. We think that our significant improvements to surgical workflow, efficiency, and accuracy, while eliminating the unnecessary radiation exposure, will be a hit with this group.”
Matt Muscio, LifeHealthcare’s CEO, stated, “I am very pleased to announce a new three-year contract with 7D Surgical through 2021. As Australia and New Zealand’s largest distributor of spinal prosthesis, we are looking forward to working with 7D Surgical to solve some of the problems experienced by surgeons in traditional image guided surgery, such as slow registration processes that rely on intraoperative X-rays. We are excited by 7D Surgical’s strong innovation pipeline and believe their low-cost value proposition focusing on theatre efficiency is appropriate for ANZ in the face of rising healthcare costs.”
About 7D Surgical
7D Surgical is a privately-owned Toronto based company that develops advanced optical technologies and machine vision-based registration algorithms to improve surgical workflow and patient care. 7D Surgical’s flagship FDA 510(k)-cleared and Health Canada approved MvIGS system delivers profound improvement to surgical workflows in spine surgery, and similar benefits for its newly FDA 510(k)-cleared Cranial Application. The underlying technology provides the promise of similar future advancements for other surgical specialties. See Flash™ Registration: https://7dsurgical.com/7d-surgical-system/spine-navigation/. See Flash™ Fix: https://7dsurgical.com/7d-surgical-system/flash-technology/.
LifeHealthcare has been recognized as one of the Financial Times 1,000 High Growth Companies in Asia-Pacific. In May 2018 LifeHealthcare was acquired by Australia’s largest private equity fund, Pacific Equity Partners, a market leader that has been recognized as a Top 20 Consistent Performer Globally by Prequin.
7D Surgical joins LifeHealthcare’s growing list of distribution partners of spinal implants and associated technologies including K2M, Australian Biotechnologies, Mazor Robotics, Samsung Neurologica Mobile CT and Mizuho Osi.
For further information contact:
Beau Standish, CEO
+1 647 484-0078
General Manager Corporate Development
+61 2 8114 1534