Medical device developer Transenterix to merge with Miami firm

Transenterix Inc., the surgical technology company that last week closed on a $2 million debt round, is merging with Miami-based SafeStitch Medical.

Financial details were not disclosed.

The combined company will be headed by Todd Pope, existing CEO of TransEnterix. The current chairman of TransEnterix, Paul LaViolette, will chair the combined company’s board.(More)