News from AAOS: Proception Medical Partners With Private Equity Company

Proception Medical LLC., a Little Silver, N.J.-based medical device incubator that in-licenses commercially viable inventions from surgeon inventors and develops them with the goal of exiting to an appropriate strategic partner, has partnered with a private equity fund to seek and evaluate private investment and buyout opportunities in the orthopedic and medical device industries.

Proception Medical officials said they would be on hand at the American Academy of Orthopaedic Surgeon annual meeting in New Orleans, La., next week (March 11-15) to investigate investment and new product opportunities.

As a medical device incubator, Proception Medical’s goal is to in-license commercially viable inventions, develop them with a team of talented engineers, obtain the necessary commercialization approvals, then take them through a rigorous beta and limited launch with world-class surgical partners.

Proception Medical bridges the gap between surgeon inventor and strategic exits by taking devices through the development, regulatory approvals and limited launch process. The partnership with the private equity firm allows Proception Medical to create similar value for companies needing investment or buyout capital to achieve the next stage of growth, as they do for the surgeon inventor.

The fund is looking at investment opportunities into revenue-positive companies with sales up to $25 million as well as product divestitures.