DEERFIELD, Unwell., Might 03, 2023 (GLOBE NEWSWIRE) — Surgalign Holdings, Inc., (NASDAQ: SRGA) a world medical know-how firm centered on elevating the usual of care by driving the evolution of digital well being, is happy to announce new collaborative alliances with Dr. Pierce Nunley and the Backbone Institute of Louisiana, a prestigious medical facility and one of many high 20 patient-rated U.S. hospitals for greatest general care, and Dr. Alexander Vaccaro, an advisor to Surgalign and one of many top-ranked spine consultants on this planet.
These new collaborations search to advance Surgalign’s lately launched HOLO™ AI Insights answer for lumbar spine imaging, which was launched in March 2023, and construct upon the earlier collaboration with Backbone Institute of San Diego. The entire events concerned are centered on utilizing HOLO AI Insights with a aim to reinforce medical determination assist and affected person care by way of the usage of synthetic intelligence (AI).
HOLO AI Insights permits clients, companions, and medical researchers to benefit from the Firm’s AI portfolio by way of a safe, extremely scalable cloud platform for automated evaluation of medical photographs. HOLO AI Insights analyzes normal protocol lumbar spine MRI photographs, offering quantitative measurements of 16 completely different anatomic constructions within the spine, which in flip, are used to show imaging information into structured datasets of clinically related biomarkers in affected person populations. Whereas the present answer is for analysis use and addresses the spine, the Firm believes its AI portfolio and the insights generated have the potential for a number of functions in inhabitants well being, medical analysis and general affected person care.
Dr. Vaccaro has served as President of Rothman Orthopaedics since 2014 and is the Richard H. Rothman Professor and Chairman within the Division of Neurosurgery at Thomas Jefferson College in Philadelphia, PA. He was the recipient of the Lon Wiltse award given for excellence in management and medical analysis for spine care by the North American Backbone Society (NASS) and is the previous President of Cervical Backbone Analysis Society (CSRS), the American Spinal Damage Affiliation and the Affiliation for Collaborative Backbone Analysis. He has over 900 peer-reviewed and 200 non-peer reviewed publications and is extensively considered one of many high spine surgeons on this planet. In 2021, he was named the #1 spine knowledgeable on this planet by Expertscape, which examined medical publications listed within the Nationwide Library of Medication’s Medline database.
Dr. Vaccaro commented, “I’ve had the privilege of working with many firms in evaluating and growing new applied sciences. Surgalign, in my view, is likely one of the most enjoyable given the groundbreaking work they’re doing with synthetic intelligence. With HOLO AI Insights, for the primary time, we will assess imaging with actual, quantitative info which ought to drive extra knowledgeable medical choices and finally, assist drive higher affected person outcomes.”
Dr. Nunley, who shall be main efforts for Backbone Institute of Louisiana, is an skilled medical analysis Principal Investigator for over 20 years. He’s the founder and Medical Director of the Backbone Institute of Louisiana and an Affiliate Professor within the Division of Orthopedic Surgical procedure at LSU Health Sciences Middle, the place he has served as a medical teacher since 1999. He’s co-founder of The Backbone Community (TSN), a company devoted to excellence and pioneering and integrating disruptive applied sciences, together with AI, in Backbone Analysis. He’s a member of {many professional} establishments together with, the Worldwide Backbone Research Group (ISSG), Cervical Backbone Analysis Society (CSRS), Scoliosis Analysis Society (SRS), Society for Minimally Invasive Backbone Surgical procedure (SMISS), North American Backbone Society (NASS), American Academy of Orthopaedic Surgeons (AAOS), and the Worldwide Society for the Development of Backbone Surgical procedure (ISASS).
Dr. Nunley commented, “Our group is devoted to the remedy of spinal problems through the use of correct and thorough diagnostic instruments, superior applied sciences and greatest practices, each in surgical procedures and remedy plans. By means of HOLO AI Insights, we acquire a clearer image of medical photographs based mostly on quantifiable information which might help us in formulating medical steerage for our sufferers. AI is changing into extra outstanding within the medical discipline and we sit up for working with Surgalign to unlock its potential.”
Terry Wealthy, President and Chief Government Officer of Surgalign added, “Gaining surgeon suggestions is paramount to the continual development of our AI know-how and with Dr. Vaccaro, Dr. Nunley, and the group at San Diego Backbone Basis, we’ve aligned with among the greatest spine surgeons on this planet. We sit up for working with them to achieve their insights and improve our AI capabilities to drive additional adoption available in the market and enhance affected person care.”
About Surgalign Holdings, Inc.
Surgalign Holdings, Inc. is a world medical know-how 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 doable for his or her sufferers. Surgalign is targeted on growing options that predictably ship superior medical and financial outcomes. Surgalign markets merchandise all through the USA and in roughly 50 international locations worldwide by way of an increasing community of high 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. Study extra at www.surgalign.com and join on LinkedIn and Twitter.
Ahead Trying Assertion
This press launch incorporates forward-looking statements based mostly on administration’s present expectations, estimates and projections about our trade, our administration’s beliefs and sure assumptions made by our administration, and such forward-looking statements embody (amongst others) statements relating to anticipated future monetary and working efficiency (together with forecasted full-year income and variety of HOLO websites secured), product rationalization and expense discount initiatives and the outcomes thereof, potential third get together financing and anticipated money wants. Phrases reminiscent of “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such phrases and comparable expressions are supposed to establish such forward-looking statements. The forward-looking statements are usually not ensures of future efficiency and are based mostly on sure assumptions together with basic financial circumstances, in addition to these inside the Firm’s trade, and quite a few different components and dangers recognized within the Firm’s most up-to-date Kind 10-Ok, 10-Q and different filings with the SEC. Our precise outcomes could differ materially from the anticipated outcomes mirrored in these forward-looking statements. Necessary components that would trigger precise outcomes to vary materially from the anticipated outcomes mirrored in these forward-looking statements embody dangers and uncertainties referring to the next: (i) the Firm’s entry to ample working money stream, commerce credit score, borrowed funds and fairness capital to fund its operations and pay its obligations as they turn out to be due, and the phrases on which exterior financing could also be out there, together with the affect of antagonistic tendencies or disruption within the world 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 inside 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, significantly in worldwide markets served by the Firm; (vi) the failure by the Firm to establish, develop and efficiently implement its strategic initiatives, significantly with respect to its digital surgical procedure technique; (vii) the reliability of our provide chain; (viii) our capacity 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 comprehend, or surprising prices in searching for to comprehend, 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 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 clients, suppliers, and different third events; and the diversion of administration time and a focus to the mixing; (xiii) the variety of shares and amount of money that shall be required in reference to any post-closing milestone funds, together with because of modifications within the buying and selling worth of the Firm’s frequent 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 world provide chain; (xv) the impact and timing of modifications in legal guidelines or in governmental laws; and (xvi) different dangers described in our public filings with the SEC. These components must be thought-about 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. Copies of the Firm’s SEC filings could also be obtained by contacting the Firm or the SEC or by visiting Surgalign’s web site at http://www.surgalign.com/ or the SEC’s web site at http://www.sec.gov/. We undertake no obligation to replace these forward-looking statements besides as could also be required by regulation.
Investor and Media Relations Contact:
Glenn Wiener
Gwiener@gwcco.com
+1 917 887 8434
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