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MAKO Surgical Corp. completes Pipeline Biomedical Holdings acquisition

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MAKO Surgical Corp. has completed the acquisition of Pipeline Biomedical Holdings. Pipeline Biomedical Holdings designs, develops and manufactures orthopedic implants and related instruments involving robotics and manual medical procedures.

According to a company press release, MAKO has partnered with Pipeline Biomedical Holdings since 2010 on implant technologies used with MAKO’s Rio Robotic-Arm Interactive Orthopedic system, which includes the MAKO Restoris PST Cup and Tapered Stem hip implant system used with the Rio MAKOplasty Total Hip Arthroplasty software application.

MAKO had previously paid the company a cash down payment of $2,500,000 at closing in addition to an aggregate of 3,953,771 unregistered shares of common stock with MAKO.