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HealthpointCapital acquired a majority stake in SteriCUBE Holdings. The SteriCUBE Multiple Tray Sterilization (MTS) System is a patented, environmentally friendly technology for simultaneous sterilization of instrument-holding trays. These trays are utilized to organize and protect the numerous instruments required in common orthopaedic and cardiac surgeries.
Instead of individually wrapping trays with disposable blue wrap, the SteriCUBE system utilizes a single, filtered metal container to store all trays for a surgical case and allow simultaneous sterilization. By eliminating blue wrap, SteriCUBE negates perforation concerns, drives substantial cost savings, reduces bio-hazardous waste and improves workflow efficiency of daily sterilization processes.
SteriCUBE technology is covered by over 20 patents in the U.S. and internationally, with additional patent applications pending. The system is FDA-cleared in the U.S. for both on-site and off-site sterilization, including transport, making it suitable for use in ASCs.
Commenting on the announcement, Mike Mogul, HealthpointCapital’s Managing Partner, said, “More than four million heavily instrumented orthopedic and cardiac surgeries take place in the U.S. annually, each served by 8-12 instrument trays. The inefficiencies, costs and risks associated with the sterilization of these trays are staggering. SteriCUBE delivers improved through-put and substantial cost savings to facilities as well as significant environmental benefits and, most importantly, increased patient safety.”
Source: HealthpointCapital
