Structuring a new company to deploy a breakthrough medical technology combining advanced imaging analysis and robotics.
Target: improve Total Hip Arthroplasty (THA – Full Replacement). The IBM research group had great confidence in their prototypes and the data to back it up. Corporate wanted it monetized, but the product did not fit in any of IBM’s business lines.
Southport Partners worked with IBM to spin the technology out into a new company, Integrated Surgical Systems, and led a minority equity raise from outside investors. After successful clinical trials with 28,000 surgeries at 40+ different sites, ROBODOC was introduced. Integrated Surgical Systems, now Think Surgical, has continued to develop cutting edge technology for knee replacements as well as other implants and robotic procedures.
