# Memic Innovative Surgery and MedTech Acquisition announce business combination

Memic Innovative Surgery Ltd. and MedTech Acquisition Corporation announced a definitive agreement for a business combination. The combined company will operate under the Memic name and list on Nasdaq. The transaction is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-08-13
- Where: United States
- Value: $1.00B
- Status: announced
- Products: surgical robotic system (Hominis platform)
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Memic Innovative Surgery Ltd.](https://endata.com/companies/57086.md) (target)
- [MedTech Acquisition Corporation](https://endata.com/companies/57087.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1826667/000110465921104628/tm2124926d1_ex99-1.htm), 2021-08-13: "The combined companies are valued at an estimated pro-forma equity value of more than $1 billion"
- [biopharmawatch.com](https://www.biopharmawatch.com/news/TLSI/memic-innovative-surgery-ltd-and-medtech-acquisition-corporation-announce-proposed-busines-tlsi-20210813), 2021-08-13: "We are pleased to reach a merger agreement with MedTech, which represents a significant opportunity to advance the robot-assisted surgery market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.