UK-based Creo Medical focuses on the development and commercialisation of minimally invasive electrosurgical devices. Its six products in the flagship CROMA platform have all been CE marked, with five cleared by the FDA. The company recently concluded the sale of a 51% stake in its European consumables business for net proceeds of €30m, valuing the business at €72m.
In this interview, we speak to Kevin Crofton, the chairman of Creo Medical and a notable name in the semiconductors space, about what has been a strategically important period for the company. Kevin discusses the rationale for the stake sale and medium-term strategic focus on growing the core electrosurgical franchise, as well as fostering partnerships for its Kamaptive technology and CROMA platform. He also mentions the recent cost savings implemented by the company and how, alongside recent developments, this puts Creo in a strong position to achieve break-even.
With several catalysts on the horizon in the next 12–18 months, including new product launches and the advancement of its collaboration with robotics leader Intuitive Surgical, 2025 is gearing up to be an active year for Creo.
Kevin Crofton, Chairman of Creo Medical, adds:
There's so many different things about Creo that I find absolutely fascinating and wonderful, first of all it does have great technology. I can see a situation where the company has an opportunity to change peoples 'lives for the better.
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