Elemental extension for Surgical

Worth £5m over the period and tied to minimum contracted volumes, it will grant Elemental continued exclusive distribution rights to Leeds-based Surgical’s entire product portfolio within Great Britain.

Surgical’s chief executive Graham Bowland said: “We are very pleased to reinforce our relationship with Elemental and Britain is an important market for us where our resposable products offer the NHS significant cost savings over expensive disposable instruments.”

Surgical’s resposable instruments have both reusable and disposable parts.

Mr Bowland said a recent study by Elemental showed that hospitals that switched from disposable to resposable saved over £100,000 on 500 procedures and produced less clinical waste.

Adam Power, managing director of Elemental, said: “As a leading distributor of solutions for minimally invasive surgery we are delighted to extend our agreement with Surgical Innovations, whose innovative products reduce the overall cost of surgical intervention; a key driver in the UK market.”

Analyst Robin Campbell, at Merchant Securities, said: “Surgical’s flagship SI brands and resposable line continues to make a strong impact in the minimally invasive surgery market, highlighting that innovation can help reduce the cost of surgical inter- vention.”