Foresight sells Orthoview stake to Materialise
Foresight has sold its stake in Orthoview, a provider of orthopaedic templating for surgeons, to Belgium-based Materialise for £8.47m.
The sale will generate £1.35m for Foresight 3 VCT, with an initial consideration of £1.12m and the remainder to be released over the next two years.
Since Foresight's investment, the company has formed strategic partnerships with healthcare IT suppliers and invested in product development.
Previous funding
Foresight provided early-stage funding to Orthoview in 2003.
Company
Southampton-based Orthoview is a provider of digital prosthesis template libraries to orthopaedic surgeons. The company has an international client base of 10,000 surgeons and has strategic partnerships with GE Healthcare, Philips, Agfa and McKesson.
People
James Livingston, a director of Foresight, was responsible for the investment in Orthoview. John Chambers is CEO of Orthoview.
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