The following iteration of HOLO Portal delivers developments based mostly on early scientific expertise and insights from main spine surgeons within the U.S.
DEERFIELD, Unwell., March 20, 2023 (GLOBE NEWSWIRE) — Surgalign Holdings, Inc. (Nasdaq: SRGA), a world medical expertise firm centered on elevating the usual of care by driving the evolution of digital surgical procedure, at present introduced the primary main improve of the HOLO Portal™ Surgical Steerage System because the first case was carried out in Might of 2022. Since launch, the Firm has labored with surgeons to boost system performance and develop use instances within the working room.
This subsequent technology system from Surgalign contains over 250 enhancements in software program, {hardware} upgrades, and integration with new instrumentation, together with over 20 new surgical instruments designed to be used with HOLO Portal. These enhancements have been designed to raised help open lumbar pedicle screw procedures by including an array of recent pedicle preparation instruments and likewise contains developments in workflow and setup. The Firm expects these enhancements to develop the variety of instances the place HOLO Portal can be utilized, and to avoid wasting time in present HOLO Portal instances.
Terry Wealthy, President and Chief Govt Officer of Surgalign, commented, “As a part of our restricted market launch of HOLO Portal final 12 months, we labored intently with our surgeon companions to include their suggestions from scientific use to advance HOLO Portal’s capabilities. We count on this launch to extend the utilization of HOLO Portal amongst each present and future surgeons, because it higher helps screw placement in open procedures, which represents about 80% of lumbar fusions, whereas offering a greater workflow and working setting. Moreover, we’ve got additional upgrades deliberate which ought to assist drive additional adoption within the second half of the 12 months and into 2024 and past.”
Dr. Jaideep Chunduri, a fellowship educated orthopaedic spine surgeon at Beacon Orthopedics & Sports activities Drugs, at present makes use of HOLO Portal for his procedures at Good Samaritan Hospital in Cincinnati, Ohio. Dr. Chunduri added, “After vigorously testing the software program within the lab, I’m excited to start out utilizing this improve within the OR. It’s going to create extra alternatives to make use of the system for extra of my procedures and make my present procedures way more environment friendly. It was an actual pleasure working with fellow HOLO Portal customers and the Surgalign group on this launch, and it’s nice to see such fast implementation of doctor suggestions.”
All HOLO Portal prospects will obtain the improve, as HOLO Portal is at present supplied with evergreen upgrades of software program and {hardware}. For extra data on HOLO Portal and our HOLO AI platform, please go to us on-line at https://surgalign.com/digital-health/.
About Surgalign Holdings, Inc.
Surgalign Holdings, Inc. is a world medical expertise firm dedicated to the promise of digital well being to drive transformation throughout the surgical panorama. Uniquely aligned and resourced to advance the usual of care, the corporate is constructing applied sciences physicians and different well being suppliers will look to for what is really potential for his or her sufferers. Surgalign is concentrated on growing options that predictably ship superior scientific and financial outcomes. Surgalign markets merchandise all through the US and in roughly 50 nations worldwide by an increasing community of prime unbiased distributors. Surgalign is headquartered in Deerfield, IL, with industrial, innovation and design facilities in San Diego, CA, Warsaw and Poznan, Poland, and Wurmlingen, Germany. Be taught extra at www.surgalign.com and join on LinkedIn, Twitter and Instagram.
Ahead Trying Statements
This press launch comprises forward-looking statements together with, with out limitation, statements relating the meant use of proceeds from the registered direct providing. These forward-looking statements are based mostly on administration’s present expectations, estimates and projections about our business, our administration’s beliefs and sure assumptions made by our administration. Phrases equivalent to “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such phrases and comparable expressions are meant to determine such forward-looking statements. Components that would trigger precise outcomes to vary materially from these forward-looking statements embrace: i) the Firm’s entry to ample working money circulate, commerce credit score, borrowed funds and fairness capital to fund its operations and pay its obligations as they grow to be due, and the phrases on which exterior financing could also be accessible, together with the affect of hostile developments or disruption within the international credit score and fairness markets; (ii) dangers referring to present or potential litigation or regulatory actions; (iii) the identification of management deficiencies, together with materials weaknesses in inner management over monetary reporting; (iv) basic worldwide financial circumstances and associated uncertainties; (v) the continued affect of the COVID-19 and the Firm’s makes an attempt at mitigation, notably in worldwide markets served by the Firm; (vi) the failure by the Firm to determine, develop and efficiently implement its strategic initiatives, notably with respect to its digital surgical procedure technique ; (vii) the reliability of our provide chain; (viii) our skill to satisfy obligations, together with buy minimums, below our vendor and different agreements; (ix) whether or not or when the demand for procedures involving our merchandise will enhance; (x) our monetary place and outcomes, complete income, product income, gross margin, and operations; (xi) failure to understand, or sudden prices in in search of to understand, the anticipated advantages of the Holo Surgical Inc. (“Holo Surgical”) and Inteneural Networks Inc. (“INN”) acquisitions, together with the failure of Holo Surgical’s and INN’s services and products to be satisfactorily developed or obtain relevant regulatory approvals or because of the failure to commercialize and distribute its merchandise; (xii) the failure to successfully combine Holo Surgical’s and INN’s operations with these of the Firm, together with: retention of key personnel; the impact on relationships with prospects, suppliers, and different third events; and the diversion of administration time and a focus to the combination; (xiii) the variety of shares and amount of money that can be required in reference to any post-closing milestone funds, together with because of adjustments within the buying and selling value of the Firm’s widespread inventory and their impact on the amount of money wanted by the Firm to fund any post-closing milestone funds in reference to the acquisitions; (xiv) the continuation of current high quality points with respect to our international provide chain and (xv) the impact and timing of adjustments in legal guidelines or in governmental laws. These elements ought to be thought of rigorously, and undue reliance shouldn’t be positioned on the forward-looking statements. Every forward-looking assertion on this communication speaks solely as of the date of the actual assertion.
These forward-looking statements will not be ensures of future efficiency and are topic to varied dangers and uncertainties, together with market and different circumstances and the dangers recognized in Surgalign’s most up-to-date Annual Report on Kind 10-Okay and different filings with the SEC. Our precise outcomes could differ materially from the anticipated outcomes mirrored in these forward-looking statements. Copies of Surgalign’s SEC filings could also be obtained with out cost by visiting Surgalign’s web site at www.surgalign.com or the SEC’s web site at www.sec.gov. We undertake no obligation to replace these forward-looking statements besides as could also be required by regulation.
Investor Relations and Media Relations Contact:
Glenn Wiener
E mail: gwiener@surgalign.com
Tel: +1 917 887 8434
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