Stereotaxis has acquired Robocath to enhance robotic solutions in minimally invasive surgery for cardiology and neurointerventions.
Quiver AI Summary
Stereotaxis, a leader in robotic surgical technology for minimally invasive endovascular procedures, has successfully completed its acquisition of Robocath, a company specializing in robotic solutions for interventional cardiology and neurovascular treatments. This integration aims to combine the complementary technologies and expertise of both companies, enhancing Stereotaxis's capabilities in providing advanced robotic systems for electrophysiology, cardiology, and neurointerventions. The leadership from both companies expressed enthusiasm about the acquisition, highlighting its potential to accelerate innovation and expand market reach. Robocath's technology has already shown considerable success in clinical studies, and this merger is expected to bolster Stereotaxis's position in the endovascular field while improving patient care and access to minimally invasive treatments globally.
Potential Positives
- Completion of the acquisition of Robocath strengthens Stereotaxis's position as a leader in robotic technologies for endovascular procedures.
- The integration of Robocath's technologies is expected to enhance innovation and expand Stereotaxis's global reach in providing robotic solutions for electrophysiology and interventional cardiology.
- The acquisition supports new strategic opportunities and commercial synergies, broadening Stereotaxis's addressable market significantly.
Potential Negatives
- The press release highlights several risks associated with the acquisition, including the potential difficulty in successfully integrating Robocath's operations and retaining key personnel, which could disrupt existing plans and operations.
- There is no assurance that Stereotaxis will realize the anticipated benefits from the acquisition within expected timeframes, raising concerns about the effectiveness of the transaction.
- Forward-looking statements include various uncertainties that could cause actual results to differ materially, which may affect investor confidence and perceptions of the company's stability.
FAQ
What recent acquisition did Stereotaxis announce?
Stereotaxis announced the acquisition of Robocath, an innovator in robotic technologies for interventional cardiology and neurointerventions.
How does this acquisition affect Stereotaxis's position?
The acquisition strengthens Stereotaxis's leadership in robotic technologies across the entire spectrum of endovascular procedures.
Who is the CEO of Robocath?
Philippe Bencteux is the Founder and CEO of Robocath.
What technologies are being combined in this acquisition?
The acquisition combines complementary technologies and expertise to develop next-generation robotic solutions for electrophysiology and neurointerventions.
Where can I find more information about Stereotaxis?
For more information, visit Stereotaxis's official website at www.stereotaxis.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$STXS Revenue
$STXS had revenues of $6.3M in Q1 2026. This is a decrease of -15.81% from the same period in the prior year.
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$STXS Hedge Fund Activity
We have seen 40 institutional investors add shares of $STXS stock to their portfolio, and 52 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. removed 663,757 shares (-73.6%) from their portfolio in Q1 2026, for an estimated $1,221,312
- BANK JULIUS BAER & CO. LTD, ZURICH added 540,529 shares (+inf%) to their portfolio in Q1 2026, for an estimated $994,573
- LAGODA INVESTMENT MANAGEMENT, L.P. removed 510,800 shares (-10.5%) from their portfolio in Q1 2026, for an estimated $939,872
- SEQUOIA FINANCIAL ADVISORS, LLC added 380,652 shares (+inf%) to their portfolio in Q1 2026, for an estimated $700,399
- SEI INVESTMENTS CO added 270,443 shares (+108.9%) to their portfolio in Q1 2026, for an estimated $497,615
- CAPTRUST FINANCIAL ADVISORS added 221,020 shares (+inf%) to their portfolio in Q1 2026, for an estimated $406,676
- GMT CAPITAL CORP added 126,581 shares (+inf%) to their portfolio in Q1 2026, for an estimated $232,909
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
ST. LOUIS and ROUEN, France, July 09, 2026 (GLOBE NEWSWIRE) -- Stereotaxis (NYSE: STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today announced that it has completed its previously announced acquisition of Robocath, an innovator of robotic technologies for interventional cardiology and neurointerventions.
Robocath will now be fully integrated into Stereotaxis, combining complementary technologies and expertise to accelerate the development of next-generation robotic solutions for electrophysiology, interventional cardiology, and neurointerventions. The combined platform strengthens Stereotaxis’s position as the leader in robotic technologies across the full spectrum of endovascular procedures.
“We’re very excited to join Stereotaxis,” said Philippe Bencteux, Robocath Founder and CEO. “Combining the strengths, expertise, and technologies of two pioneers in endovascular robotics, we now have the opportunity to accelerate innovation, expand our global reach, and bring robotic solutions to many more physicians and patients around the world.”
“The addition of Robocath’s technology and team to Stereotaxis accelerates our strategy, enhances our technological leadership, provides attractive commercial synergies in an expanded addressable market, and supports new strategic opportunities,” said David Fischel, Stereotaxis Chairman and CEO.
About Stereotaxis
Stereotaxis (NYSE: STXS) is a pioneer and global leader in innovative surgical robotics for minimally invasive endovascular intervention. Its mission is the discovery, development and delivery of robotic systems, instruments, and information solutions for the interventional laboratory. These innovations help physicians provide unsurpassed patient care with robotic precision and safety, expand access to minimally invasive therapy, and enhance the productivity, connectivity, and intelligence in the operating room. Stereotaxis technology has been used to treat over 150,000 patients across the United States, Europe, Asia, and elsewhere. For more information, please visit
www.stereotaxis.com
.
About Robocath
Founded in 2009 by Philippe Bencteux, MD, Robocath designs, develops and markets smart robotic solutions to treat cardiovascular and neurovascular diseases. Robocath robotic solutions integrate a unique bionic technology that optimizes the safety of robotic-assisted coronary angioplasty. Robocath’s robotic solutions are designed to operate with precision and perform accurate movements, creating better interventional conditions. Robocath has obtained CE and NMPA certifications for its first robotic solution. Several multicenter clinical studies have been conducted, and a meta-analysis has demonstrated R-One’s safety and efficacy as it achieved more than 98% technical procedure success with no major adverse cardiovascular events. Currently R-One is used in Europe and China. Robocath, based in Rouen (France), a world leader in vascular robotics, continues to push the boundaries of interventional cardiology technology by developing smart digital solutions. Its ambition is to guarantee equal access to treatment for vascular emergencies through the development of remote interventions, offering the best care for all.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe”, "estimate”, "project”, "expect" or similar expressions. These forward-looking statements include without limitation statements regarding the recently completed acquisition of Robocath, the anticipated financial performance of Stereotaxis and Robocath related thereto, including the anticipated benefits expected from the acquisition, the potential strategic implications as a result of the acquisition, and the potential for achievement of the regulatory and commercial milestones that would trigger contingent payments in the transaction. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially. Factors that would cause or contribute to such differences include, but are not limited to, uncertainties involving the following: the ability of Stereotaxis to successfully integrate Robocath’s operations, and continue the commercialization, development and sales of Robocath’s products and services, and disruption of Robocath’s or Stereotaxis’s current plans and operations as a result thereof; the ability of Robocath or Stereotaxis to retain and hire key personnel; competitive responses to the proposed transaction; unexpected costs, charges or expenses resulting from the proposed transaction; the ability of Stereotaxis to implement its plans, forecasts and other expectations with respect to Robocath’s business following the completion of the transaction and realize additional opportunities for growth and innovation; the ability of Stereotaxis to realize the anticipated benefits from the transaction in the anticipated amounts or within the anticipated timeframes or at all; the ability to maintain relationships with Stereotaxis’s and Robocath’s respective employees, customers, other business partners and governmental authorities; and the other risks discussed in the Company's periodic and other filings with the Securities and Exchange Commission.
By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Additional information will also be set forth in future filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. There can be no assurance that the Company will recognize revenue related to its purchase orders and other commitments because some of these purchase orders and other commitments are subject to contingencies that are outside of the Company's control and may be revised, modified, delayed, or canceled.
Company Contacts:
David L. Fischel
Chairman and Chief Executive Officer
Kimberly R. Peery
Chief Financial Officer
314-678-6100
[email protected]