HealthpointCapital Acquires Blue Belt Technologies
HealthpointCapital, a private equity firm exclusively focused on the orthopedic and dental device businesses, has acquired Pittsburgh, PA-based Blue Belt Technologies, a maker of surgical instruments, for an undisclosed sum.
Blue Belt is developing “smart” surgical instruments for use initially in orthopedic procedures and then for other surgical specialties including neurosurgery and otolaryngology (ENT). Its Navio PFS System incorporates patented technology to provide precise control to surgeons via an intelligent, handheld, computer assisted bone cutting tool.
Eric B. Timko has been appointed as President and CEO of Blue Belt.