Wasatch Health has acquired Stratus Medical for $10.0 million. This corporate acquisition brings Stratus Medical's innovative radiofrequency (RF) technology for chronic pain treatment under the Wasatch Health umbrella. Stratus Medical is known for its Nimbus RF Multitined Expandable Electrode, a device designed to improve clinical outcomes for patients suffering from chronic pain.
Stratus Medical's mission centers on advancing RF technology for pain management. Its flagship product, the Nimbus RF Multitined Expandable Electrode, is utilized in radiofrequency heat lesion procedures. This technology creates a large, optimally shaped lesion, offering benefits such as faster procedure times, lower costs, and reproducible, durable pain relief. The Nimbus system has been used in over 300,000 patient treatments across multiple countries and holds over 40 issued patents, along with FDA clearance and CE mark. Stratus Medical also markets complimentary technologies like Vesta and has ongoing development projects.
This acquisition is a strategic move for Wasatch Health to expand its presence and offerings in the pain management sector. By integrating Stratus Medical's proven and patented technology, Wasatch Health aims to enhance its portfolio with solutions that address the growing need for effective chronic pain treatments. The Nimbus system's demonstrated clinical efficacy and operational efficiencies are expected to complement Wasatch Health's existing capabilities.
The combination of Stratus Medical's innovative RF technology with Wasatch Health's resources is anticipated to create significant synergies. This integration is expected to accelerate the development and broader market access of advanced pain relief solutions. The combined entity will focus on further improving patient outcomes and expanding the reach of these technologies to a wider population of chronic pain sufferers globally.