The Da Vinci SP offers 360º of anatomical entry and delivers an articulating 3DHD endoscope and three wristed devices via a single port. | Supply: Intuitive Surgical
Intuitive Surgical Operations Inc. yesterday introduced that it plans to ascertain a direct presence in Italy, Spain, and Portugal.
The surgical robotics chief additionally plans to broaden into Malta, San Marino, and related territories by buying the distributors of its da Vinci and Ion techniques in these international locations.
Intuitive entered into an settlement with present distributors ab medica, Abex, Excelencia Robotica, and their associates. Topic to regulatory approvals, the settlement would allow the firm to buy these distributors’ companies associated to its merchandise.
Sunnyvale, Calif.-based Intuitive stated it expects the deal to shut in 2026, following the receipt of approvals and the assembly of closing situations.
“Intuitive is worked up to proceed to put money into the numerous alternative to convey secure, minimally invasive care to extra sufferers throughout Europe,” said Gary Guthart, CEO of Intuitive Surgical. “Having a direct presence in Italy, Spain, Portugal, Malta, and San Marino, and related territories permits us to deepen our understanding of distinctive buyer wants in these international locations.”
As soon as the corporate closes the deal, it would wholly personal the da Vinci and Ion enterprise of the three distributors. It plans to combine enterprise operations into its European industrial and advertising and marketing group. Dirk Barten, Intuitive senior vice chairman and normal supervisor, leads that unit.
“Intuitive is grateful for the years of robust enterprise and dedication these corporations have supplied—their management has helped set up robotic know-how with physicians and their sufferers in Europe,” stated Barten. “We look ahead to integrating these groups upon deal closure. Growing direct relationships with prospects in these international locations is vital for constructing larger affected person entry to minimally invasive care.”
Final week, Intuitive introduced preliminary fourth-quarter outcomes that spotlight vital da Vinci surgical robotic process development. Shares of the corporate rose practically 5% to $565 apiece in early morning buying and selling on Jan. 15 following the discharge of the preliminary outcomes.
It additionally reported 17% development in worldwide da Vinci-assisted procedures in 2024. For the fourth quarter of 2024, that development totaled 18%. Intuitive Surgical stated it anticipates 13% to 16% process quantity development for da Vinci in 2025 as properly.
Analysts query Intuitive reliance on Mexico
Away from Europe, analysts raised questions on one other worldwide unit belonging to Intuitive Surgical.
BTIG analysts Ryan Zimmerman and Iseult McMahon requested what potential tariffs below the brand new Trump Administration would imply for Intuitive. (Learn extra concerning the potential affect of the Trump administration on medtech right here.)
Pres. Trump has referred to as for 25% tariffs on items coming to the U.S. from Canada and Mexico on Feb. 1. The analysts famous that it might show a negotiating tactic for different initiatives, however they questioned the earnings per share (EPS) affect elevated tariffs might need on Intuitive, which has a producing facility in Mexicali, Mexico.
Zimmerman and McMahon stated that round 90% of the corporate’s instrument and accent product manufacturing takes place there.
Nonetheless, the analysts acknowledged that they didn’t know if tariffs would apply to all merchandise popping out of Mexico for Intuitive. They questions if they’d apply simply to merchandise shipped again and offered within the U.S. In that case, they stated it will scale back the publicity to round 70% of the estimated affect.
Based mostly on their evaluation, the BTIG analysts estimated as much as an incremental 6% EPS headwind for 2025. If the mitigations associated to merchandise offered within the U.S. apply, they stated they anticipate round 4.2% headwinds.
Zimmerman and McMahon stated they plan to replace their mannequin when Intuitive Surgical releases its fourth-quarter earnings on Jan. 23.
Editor’s observe: This text was syndicated from The Robotic Report sibling web site MassDevice.
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