Medical device company Conmed Corp. (Nasdaq: CNMD) is buying VC-backed surgical equipment maker SurgiQuest Inc. for $265 million in cash.

SurgiQuest, based in Milford, Connecticut, and founded in 2006, manufactures the Airseal surgical technology system. Airseal is designed to make it easier for surgeons and physicians to access to the abdominal cavity during lapariscopic procedures. Conmed sells medical instruments for invasive procedures.

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