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About Lexington Medical
Industries
Biotechnology
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$6.6M
Headquarters
Billerica, Massachusetts
Founded
2013
Overview
Lexington Medical focuses on surgical stapling technology for hospitals and surgical centers, particularly in bariatric and gastrointestinal surgeries. Their advanced stapling systems aim to improve clinical outcomes by effectively closing wounds and connecting tissues. The company operates a vertically integrated model, ensuring high quality through control of product development and manufacturing. With FDA clearance for their Powered Stapling System, Lexington Medical is dedicated to enhancing surgical procedures and providing trusted solutions for surgeons worldwide.
Simplify's Take
What believers are saying
- Increased adoption of robotic-assisted surgeries boosts demand for precise stapling devices.
- Growing trend towards outpatient surgeries increases demand for minimally invasive solutions.
- Global bariatric surgery market growth boosts demand for specialized stapling devices.
What critics are saying
- Increased competition from emerging startups threatens market share.
- Reliance on single manufacturing facility poses risk of operational disruption.
- Global semiconductor shortage could delay production of automated stapling systems.
What makes Lexington Medical unique
- Vertically integrated, ensuring high quality and control over product development.
- State-of-the-art facility in Massachusetts uses latest automation technologies.
- FDA clearance for Powered Stapling System highlights commitment to innovation.
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Funding
Total Funding
$6.6M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Paid Vacation
Performance Bonus
Company News
Fortitude Capital LLC and Eka Ventures LLP are exiting The Run Buddy Ltd., developer of the Runna app, as it is set to be acquired by Strava Inc. Meanwhile, Clear Peak Management LLC has invested in Ntara Partners Inc., a provider of product experience management consulting and solutions. Additionally, Ampersand Management LLC has invested in medical device manufacturer Lexington Medical Inc.
Lexington Medical announced a strategic growth investment from Ampersand Capital Partners, a private equity firm specializing in healthcare and life sciences. This partnership aims to accelerate Lexington's innovation, manufacturing, and global expansion in surgical stapling solutions. The investment highlights Ampersand's confidence in Lexington's potential to redefine industry standards. Interested candidates can explore career opportunities at www.lexington-med.com/careers.
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About Lexington Medical
Industries
Biotechnology
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$6.6M
Headquarters
Billerica, Massachusetts
Founded
2013
There are no jobs for Lexington Medical right now.
Find jobs on Simplify and start your career today