MedVentures LLC, a leading healthcare services company, announced today that it will provide its Technology Rental Program to Restoration Robotics, Inc., the premier manufacturer of hair restoration surgical systems.
“We are proud to announce our alliance with Restoration Robotics,” said William Curtis, Chairman and CEO of MedVentures LLC. “We fully recognize that MedVentures’ success is a direct result of relationships with and creating value for leading medical technology companies like Restoration Robotics.”
The Technology Rental Program will provide Restoration Robotics’ customers with a unique way to acquire the Restoration Robotics’ industry-leading ARTAS System. The 12-month, per procedure rental agreement provides the customer with several options at the end of that period, including the ability to purchase the equipment, to extend the rental by 12 months, to convert into MedVentures longer term Technology Access Program or to return the equipment.
"With approximately 75% of the per-procedure rental fees applying to the customer’s subsequent purchase of the ARTAS system, the MedVentures program is an easy and affordable way for physicians acquire this important, patient outcome and practice enhancing medical technology," said Curtis. "In fact, the use of the Technology Rental Program represents only a single-digit premium to the cost of a cash purchase, so the flexibility provided by the program is an important value-add for Restoration Robotics’ customers."
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