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3 December, 2019 - 13:21 By Tony Quested

US giant GE Healthcare revealed as CMR Surgical investor and partner

CMR Surgical  Martin Frost CEO

GE Healthcare, the $20 billion revenue US giant, has today been unveiled as the previously unnamed American investor in the $240 million Series C found that handed Cambridge surgical robotics pioneer CMR unicorn status.

It is highly significant that having kept its involvement under wraps at the time of the monster round, GE has decided to emerge into the spotlight as placements of the robotics arm for keyhole surgery in world-leading hospitals take place in India and CMR prepares for NHS rollout in the UK.

Multinational conglomerate GE is incorporated in New York and headquartered in Chicago; it makes and distributes diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures.

GE Healthcare says its investment in CMR Surgical further demonstrates its commitment to improve outcomes for healthcare providers and therapy innovators around the world.

This investment underlines the vision of both companies to bring the benefits of minimal access surgery to more patients around the world which can lead to less trauma during procedures and faster recovery times.
Martin Frost, CMR Surgical’s CEO, said: “We are delighted to have attracted investment from GE Healthcare, one of the world’s most respected healthcare companies, to bring advanced technologies to market in a way that has the potential to benefit surgeons and their patients.”

Gustavo Perez-Fernandez, president and CEO for Image Guided Therapies at GE Healthcare added: “GE Healthcare shares CMR Surgical’s vision of making minimal access surgery available to all.

“We see the Versius surgical robotic system being a key ‘guiding companion’ for surgeons as they pursue minimal access surgery. Along with GE Healthcare’s advanced, high-quality imaging, digital and artificial intelligence tools, we can bring minimal access surgery to more people.

“CMR Surgical and GE Healthcare both have the potential to transform the way surgeries are performed worldwide and this investment underlines the shared ambition to do so.”

GE Healthcare is currently present in operating rooms around the world, with the OEC portfolio of surgical imaging systems. The OEC systems provide real-time imaging to guide surgeons during procedures, enabling them to “see” inside a patient.

With all its so-called major rivals in the space piloted from the US, having GE onside is a massive boost to CMR’s global commercial aspirations as the company kicks on to its next plateau of expansion worldwide.

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