The Da Vinci SP supplies 360º of anatomical entry and delivers an articulating 3DHD endoscope and three wristed devices by 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 methods in these nations.
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 mentioned it expects the deal to shut in 2026, following the receipt of approvals and the assembly of closing circumstances.
“Intuitive is happy to proceed to put money into the numerous alternative to convey protected, 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 nations.”
As soon as the corporate closes the deal, it’s going to wholly personal the da Vinci and Ion enterprise of the three distributors. It plans to combine enterprise operations into its European industrial and advertising group. Dirk Barten, Intuitive senior vp and common 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,” mentioned Barten. “We sit up for integrating these groups upon deal closure. Creating direct relationships with prospects in these nations is essential for constructing better affected person entry to minimally invasive care.”
Final week, Intuitive introduced preliminary fourth-quarter outcomes that spotlight vital da Vinci surgical robotic process progress. 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% progress in worldwide da Vinci-assisted procedures in 2024. For the fourth quarter of 2024, that progress totaled 18%. Intuitive Surgical mentioned it anticipates 13% to 16% process quantity progress 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 beneath the brand new Trump Administration would imply for Intuitive. (Learn extra concerning the potential impression 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 may show a negotiating tactic for different initiatives, however they questioned the earnings per share (EPS) impression elevated tariffs may need on Intuitive, which has a producing facility in Mexicali, Mexico.
Zimmerman and McMahon mentioned 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 might apply simply to merchandise shipped again and offered within the U.S. If that’s the case, they mentioned it will scale back the publicity to round 70% of the estimated impression.
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 mentioned they count on round 4.2% headwinds.
Zimmerman and McMahon mentioned they plan to replace their mannequin when Intuitive Surgical releases its fourth-quarter earnings on Jan. 23.
Editor’s word: This text was syndicated from The Robotic Report sibling web site MassDevice.
Register right this moment to save lots of 40% on convention passes!
