ReWalk Robotics Ltd.’ announced plans to acquire AlterG, a provider of anti-gravity systems for physical and neurological rehabilitation, is expected to put it on solid grounds to expand its portfolio and achieve profitability. The $19m deal is expected to close 11 August.
AlterG uses NASA-derived differential air pressure technology to reduce gravitational load and body weight, which enables patients and athletes to move without restrictions or pain.
Key Takeaways
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ReWalk Robotics’ planned $19m acquisition of AlterG will put ReWalk on the path to profitability and positive cash flow, creating a combined company with...
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