OmniGuide Holdings Acquires Domain Surgical

OmniGuide Holdings Inc., parent company of OmniGuide Inc., a developer of flexible fiber CO2 laser surgery, is merging with Domain Surgical Inc. to enhance its advanced energy surgical portfolio. Terms of the deal were not disclosed.
 
The merger with Domain Surgical, Inc., Salt Lake City, UT broadens the ability to bring safe and precise surgical technologies to more surgeons and patients.  Domain Surgical is the maker of the FMX Ferromagnetic Surgical System, a platform that uses ferromagnetic technology to precisely and safely cut, coagulate and seal tissue; with minimal injury to surrounding tissue as compared to other surgical technologies.
 
Despite advances in technology, surgical interventions can cause undesired collateral damage to healthy tissue, which can lead to post-operative pain, prolonged patient recovery and complications.  Domain Surgical’s patented ferromagnetic technology is based on the principle of ferromagnetic heating.  Simply described, heat is produced when a material having magnetic “domains” is exposed to an alternating magnetic field. The result is a surgical system that provides consistent cutting and hemostasis, with much less thermal injury than traditional electrosurgery, without passing potentially dangerous electrical current through the patient.
 
OmniGuide’s combined technologies now deliver a variety of surgical applications, to ear, nose, and throat, and gynecological surgeons, ranging from precision cutting and ablation, to quick hemostatic dissection, to reliable vessel sealing; all with optimized precision and safety, without passing electrical current through the patient.
 
In conjunction with the merger, John T. Buhler has been named president and CEO of OmniGuide Holdings. Buhler has extensive experience in the technology, life sciences and healthcare fields with a career spanning more than 30 years. He has been the CEO/chief operating officer of three public and two private companies, completed numerous rounds of financing, orchestrated roughly $1 billion in mergers and acquisitions, and most recently merged RF Surgical Systems Inc. with Medtronic plc. He has successfully completed four turnarounds, with each entity becoming a high growth/profitable business in its discipline. Buhler has a history generating new revenue streams, building business, and increasing market share for multi-million and multi-billion dollar international high-technology corporations. His businesses have demonstrated the ability to penetrate new markets and strengthen competitive positioning, design and direct high-impact strategic plans, define visions and transform concepts into lucrative workable realities.
 
“Both OmniGuide and Domain Surgical technologies are known for extreme precision and for minimizing unintended collateral damage to healthy tissue during complex surgical procedures. Further, both technologies are designed to increase patient safety and improve clinical outcomes,” said Buhler. “Merging the companies provides an expanded advanced energy product portfolio that delivers precise cutting, ablation, dissection, and vessel sealing capabilities across numerous sub-specialties. I am excited to be a part of this team as we grow the company moving forward.”
 
OmniGuide Surgical is an advanced energy company focused on surgeons and patients. OmniGuide’s technologies deliver energy in a safe, reliable manner resulting in the preservation of healthy tissue. The company is based in Lexington, Mass.