Tiger Group and Liquidity Services offer IP, surgical robotics systems, lab equipment and other assets from innovative company whose Flex/Flex360 platform has been used in surgical theaters all over the world

RAYNHAM, Mass., May 7, 2024 /PRNewswire/ -- All assets from the fully furnished, 40,000-square-foot Raynham plant of Medrobotics—maker of groundbreaking robotic surgical platforms used by nearly 30 hospitals globally—are available in a turnkey sale by Tiger Group and Liquidity Services.

"This turnkey sale represents an extraordinary growth opportunity for buyers that could include medical device-makers, robotics companies or venture capital firms," said John Coelho, Senior Director, Tiger Commercial & Industrial. "The offering includes 22 terabytes' worth of technical specs, customer lists and other valuable IP, as well as $12 million in hard assets, including 23 complete Flex and next-gen Flex360 robotics systems."

"These systems, which are FDA-approved, were the first surgical platform to offer a steerable and shapeable robotic scope, which allows surgeons to operate on parts of the body that, in many cases, would otherwise have been unreachable," said Nick Jimenez, Vice President of Global Business Development at Liquidity Services. "The equipment and IP available in this turnkey opportunity could greatly benefit an expanding medical robotics enterprise."

The Raynham building includes a state-of-the-art clean room. Real estate is available.

Turnkey buyers will need to act quickly—all 700 lots will be made available individually in a timed, online auction that closes on Tuesday, June 11, at 10 a.m. (ET). Bidders can use the SoldTiger.com and AllSurplus.com links below. (Online advance registration required at AllSurplus.com; SoldTiger.com bidding opens Tuesday, June 4.)

In addition to the robotics systems, the Raynham plant boasts a broad array of general-utility medical, lab, assembly/manufacturing, plant support and material-handling assets. "It's everything from state-of-the-art 3D printers and a full machine shop to microscopes, incubators, lab ovens, test and measurement equipment and pallet jacks and racking," Coelho noted.

For more information on the turnkey opportunity, contact [email protected], (617) 797-0430.

About Tiger Group
Tiger Capital 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.

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.

Media Contacts: At Tiger Group, Maria Hoang, (805) 497-4999, [email protected]. At Jaffe Communications, Elisa Krantz, (908) 789-0700, [email protected].

SOURCE Tiger Group