Posted on October 26, 2011
Sturbridge, MA – Endoscope manufacturer Optim LLC announces the asset acquisition of Precision Endoscopic Technologies (formerly MAX Endoscopy of Mentor, OH). The new company, Precision Endoscopic Technologies LLC will operate as a division of Optim LLC and will be co-located at Optim’s headquarters, 64 Technology Park Road, Sturbridge, MA.
Precision manufactures a patented infrared coagulation system (IRC), which has FDA 510(k) clearance for the remediation and treatment of hemorrhoids. The infrared delivery system operates through the working channel of most GI endoscopes that are currently used for colonoscopies and sigmoidoscopies. The Precision system gives the gastroenterologist the opportunity to quickly and with little or no patient trauma treat stage 1, 2, & 3 hemorrhoid conditions.
Dr. Michael Epstein of Annapolis, MD, inventor of the Precision IRC system, will join Precision as its Medical Director and in this capacity will be establishing training centers throughout the US. In addition, Dr. Epstein will be leading the development of new products and new applications of this patented IRC coagulation capability.
Thomas V. Root, President of Optim LLC, the parent of Precision, states that this acquisition provides two significant steps forward for Optim. As Optim’s initial entry into the GI market, this acquisition represents Optim’s first opportunity to move from a purely diagnostic endoscope company to a company that provides both diagnostic and therapeutic endoscopic capabilities.
“With over 4-million new cases of hemorrhoids reported each year, we believe that Precision will lead the way in providing a better quality of life for those suffering from this often painful condition” said Root.
Precision will be attending and demonstrating the system at the American College of Gastroenterologists annual meeting in Washington, DC, October 28 through November 1, 2011.
Visit Precision Endoscopic Technologies at Booth #410.
For sales, contact Precision Endoscopic Technologies at 508-784-7475