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A Medrobotics Force Dimension Sigma 7 Haptic Device

A June 11 online auction by Tiger Group and Liquidity Services features intellectual property and $12 million in medical equipment and inventory from Medrobotics including 23 of the company's groundbreaking Flex and next-gen Flex360 surgical robotics systems.

The assets, which include a broad array of lab, assembly/manufacturing, plant support and material-handling items, come from Medrobotics' fully furnished, 40,000-square-foot Raynham plant. "There is still time for medical device-makers, robotics companies or venture capital firms to step in and acquire all of these assets in a turnkey purchase," noted John Coelho, Senior Director, Tiger Commercial & Industrial.

In so doing, these bidders would have the opportunity to acquire 22 terabytes' worth of technical specs, customer lists and other valuable IP. "However, the clock is ticking and we are now making all 700-plus Medrobotics assets, IP included, available on an individual basis," said Nick Jimenez, Vice President of Global  Business Development at Liquidity Services.

Known for its innovative Flex/Flex360 platform, Medrobotics has supplied surgical robotics systems to nearly 30 hospitals all over the world. The FDA-approved devices offer a steerable and shapeable robotic scope, allowing surgeons to operate on difficult-to-access parts of the body. In addition to the 23 complete robotics system, the sale features:

About Liquidity Services:

Liquidity Services operates the world's largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients' sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.

For more information please visit https://liquidityservices.com/

Company Name: Tiger Group
About Company: Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and provide capital or convert assets to capital quickly and decisively. Tiger maintains offices in New York, Los Angeles, Boston, Chicago, Houston and Toronto.