News | August 20, 2007

Viking to Acquire Tuebingen Scientific Medical

August 21, 2007 — Viking Systems Inc. a designer, manufacturer and marketer of high-performance laparoscopic vision systems announced it has signed a letter of intent to acquire Tuebingen Scientific Medical GmbH, a Germany-based developer of articulating surgical instrumentation for minimally invasive surgery (MIS).

Tuebingen Scientific Medical markets its instruments under the brand name 'Radius'. Terms of the transaction were not disclosed.

The acquisition of Tuebingen Scientific Medical would represent a strategic shift for Viking Systems designed to significantly expand its addressable market and accelerate the Company's revenue growth. The combination of Tuebingen Scientific Medical's 'Radius' family of articulating instruments and Viking Systems' 3Di Vision Systems would provide doctors, patients, and hospitals with a full solution designed specifically for complex minimally invasive surgery.

Completion of the transaction is subject, among other things, to negotiation and execution of a definitive agreement, due diligence, normal and customary closing conditions, and arrangement by Viking Systems of appropriate financing. In this connection, Viking is exploring financing options and assessing its entire capital structure to determine how best to structure its balance sheet, fund the acquisition and provide sufficient operating and growth capital. This assessment process will include discussions with holders of its current debt securities and preferred stock.

For more information: www.vikingsystems.com

Related Content

Pentax Medical Launches New Slim Linear Ultrasound Endoscope
Technology | Endoscopes | August 17, 2017
Pentax Medical Co. announced the U.S. launch of the Slim Linear Ultrasound Endoscope (EG-3270UK), the company's newest...
Fujifilm Issues Voluntary Recall of All ED-530XT Duodenoscopes
News | Endoscopes | August 03, 2017
August 3, 2017 — On July 21, 2017, Fujifilm issued an Urgent Medical Device Correction and Removal notification infor
Feature | Endoscopes | February 01, 2017 | Ravi Chawat
Several diseases that require the use of endoscopy devices for diagnostics, as well as therapeutics, have been on the
News | Endoscopes | January 16, 2017
January 16, 2017 — Fujifilm Medical Systems has informed the U.S.
Given, Pillcamp, colonoscopy, Angiodysplasias, capsule Endoscopy, LVAD interference

The Given Imaging PillCam Colon system is an example of a capsule endoscopy device the patient swallows to image the gastrointestinal track.

Feature | Endoscopes | January 03, 2017 | Anamika Kumari
The capsule endoscopy systems offer a hands-free and highly accurate imaging modality for healthcare practitioners.
Olympus, Visera 4K UHD System, operative display, endoscopy, ultra-high definition
Technology | Flat Panel Displays | September 15, 2016
Olympus announced that big-screen surgery with 4K UHD (ultra-high definition) endoscopy is now available for ear, nose...
Pentax Medical, Defina endoscope system for Pulmonology, EMEA market
Technology | Endoscopes | July 05, 2016
Pentax Medical announced the launch of a new high-definition (HD) pulmonology endoscopy system in the European, Middle...
Avantis Medical Systems, Third Eye Panoramic colonoscopy device, endoscopes, FDA, resposable

From left to right: (1) Panoramic device’s left-viewing camera, (2) Colonoscope’s forward-viewing camera, (3) Panoramic device’s right-viewing camera. The adenoma seen in this image was hidden from the colonoscope’s view but was detected with the Third Eye Panoramic.

Technology | Colonoscopy Systems | May 23, 2016
Avantis Medical Systems Inc. announced that it has received 510(k) clearance from the U.S. Food & Drug...
Integrated Endoscopy, nuvis single-use arthroscope, AAOS 2016
News | Endoscopes | March 22, 2016
March 22, 2016 — Integrated Endoscopy Inc.
News | Endoscopes | February 23, 2016
The U.S. Food and Drug Administration (FDA) is revising its November 2015 Safety Communication to provide updated...
Overlay Init