Mazor Robotics Enters US Spine Ambulatory Surgery Center Market
Company Signs Agreement with the Lakes Surgery Center
CAESAREA, Israel, Dec 20, 2011 (BUSINESS WIRE) -- --New Renaissance(TM)
System Enables Spinal Endoscopy, Including Ambulatory, Minimally Invasive Treatment
of Disc Diseases.
Mazor Robotics Ltd (tase:MZOR), the leader in innovative surgical robots and
complementary products for spine surgery, announced a purchase agreement with NSH
Michigan, Inc. The Renaissance(TM) system will be installed at NSH Michigan, Inc.'s
affiliate, the Lakes Surgery Center, in West Bloomfield, Michigan. The Renaissance
system was recently launched as the new generation of Mazor Robotics Guidance
With the Renaissance system already in use at leading U.S. hospitals specializing in spine
surgery, this is the first Renaissance system installed in an ambulatory surgery center.
According to National Health Statistic Reports, more than 300,000 people in the U.S.
seek surgery annually for relief from chronic back pain resulting from spinal disc
diseases, including herniations and protrusions. Common spine procedures such as
endoscopic discectomy are typically performed in spine surgery centers while other
procedures such as spinal fusion are usually performed in hospitals. With new technology
like the Renaissance system, more cases can be performed on an out-patient basis with
minimal recovery time. There are approximately 3,300 ambulatory surgery centers in the
"Our clinical experiences with Mazor Robotics' technology, including examination of
numerous peer-reviewed studies and hands-on demonstrations, has convinced us to add
Renaissance to our surgical program," said Ms. Jennifer Butterfield, CEO of Lakes
Surgery Center. "We believe that Mazor Robotics' Renaissance system will differentiate
our facility by enabling us to raise the level of patient care, for spinal endoscopy as well
as for other spine procedures."
"Many of my spine surgery referrals are for spinal endoscopy procedures," said Kevin
Lee, MD, a leading neurosurgeon and pain management / spinal endoscopy specialist at
Lakes Surgery Center. "Demand for minimally invasive surgery has grown dramatically
in recent years, and as technology advances we see improvement in patient outcomes. We
recognize the tremendous potential of Renaissance; it is the next step in the evolution of
incorporating state-of-the-art technology for better patient care. Mazor Robotics'
technology will take these procedures to the next level by providing a safer and more accurate way to enter the surgical site, reduce intra-operative radiation, shorten procedure
time, and reduce complications."
"This purchase agreement with NSH Michigan, Inc. is strategically important for Mazor
Robotics as it significantly expands our market opportunity to include ambulatory
surgery centers in the U.S.," said Ori Hadomi, CEO of Mazor Robotics. "We are also
excited about the clinical opportunity this represents, as many more patients will now
have access to such minimally invasive procedures."
About Mazor Robotics
Mazor Robotics Ltd (tase:MZOR) is dedicated to the development and marketing of
innovative surgical robots and complementary products that provide a safer surgical
environment for patients, surgeons, and OR staff. Mazor Robotics' flagship product,
Renaissance(TM), is a state-of-the-art surgical guidance system that enables surgeons to
conduct spine surgeries in an accurate and secure manner. Mazor Robotics systems have
been successfully used in the placement of over 15,000 implants in the USA and Europe.
Numerous peer-reviewed publications and presentations at leading scientific conferences
have validated the accuracy, usability, and clinical advantages of Mazor Robotics
For more information.
Other emerging technologies at Technion T3 Website.
SOURCE: Mazor Robotics Ltd
Greg Gin or Doug Sherk, 646-445-4801 (Investors)
Steve DiMattia, 646-201-5445 (Media)