Medovex sells Streamline IV suspension system assets to Skytron

Medical technology portfolio company Medovex said today it sold its Streamline IV suspension system assets to acute care focused healthcare company Skytron for an undisclosed amount.
The Atlanta-based company’s Streamline ISS system is designed to mount the ISS to any bed or stretcher in hospitals and care facilities, according to Medovex’s website.
Proceeds from the sale will support the development of Medovex’s DenerveX system, which is designed to provide pain relief associated with the facet joint, which is associated with back pain, the company said.
“We’re pleased to have successfully closed the sale of Streamline to Skytron. These proceeds, when combined with the additional $1 million investment made earlier this week by our co-founder, Steve Gorlin, VP of business development, Jesse Crowne, and another private investor, will help complement our balance sheet and better position us for future growth,” Medovex CEO Jarret Gorlin said in a press release.
The post Medovex sells Streamline IV suspension system assets to Skytron appeared first on MassDevice.

Source: Mass Device - December 12, 2016 Category: Medical Equipment Authors: Fink Densford Tags: Business/Financial News Hospital Care Mergers & Acquisitions Medovex Skytron Source Type: news