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Intuitive Surgical Headquarters: Website: http://www.intuitivesurgical.com
Intuitive Surgical is the global technology leader in robotic-assisted minimally invasive surgery (MIS). The Company's da Vinci Surgical System offers surgeons superior 3D HD visualization, enhanced dexterity, greater precision and ergonomic comfort for the optimal performance of MIS. The da Vinci System enables surgeons to perform even complex procedures such as heart valve and
cancer surgery through 1-2 cm incisions.
This breakthrough is allowing hospitals everywhere to extend the benefits of MIS to a broader base of
patients. An investment in an MIS initiative built around the da Vinci Surgical System can provide hospitals
with greater productivity and operational efficiencies. Improved operational efficiencies may result in
reduced incidence of complications and post-operative infections; reduced need for blood transfusions and
post-operative pain management, simplified post-operative nursing care and reduced length of stay.
The original prototype for Intuitive Surgical's da Vinci System was developed in the late 1980s at the
former Stanford Research Institute under contract to the U.S. Army. While initial work was funded in the
interest of developing a system for performing battlefield surgery remotely, possible commercial
applications were even more compelling: It was clear to those involved that this technology could
accelerate the application of a minimally invasive surgical approach to a broader range of procedures.
In 1995, Intuitive Surgical was founded to test this theory. In January 1999, Intuitive launched the da Vinci
Surgical System, and in 2000, it became the first robotic surgical system cleared by the FDA for general
laparoscopic surgery. In the following years, the FDA cleared the da Vinci Surgical System for
thoracoscopic (chest) surgery, cardiac procedures performed with adjunctive incisions, urologic,
gynecologic, pediatric and transoral otolaryngology procedures. In June 2000, Intuitive Surgical completed
a successful initial public offering. This was followed by a second successful public offering in 2003. In
2003, the company also acquired its principal competitor, Computer Motion, strengthening its intellectual
property holdings.
As of June 30, 2011, more than 1,933 da Vinci Systems are installed in over 1,560 hospitals worldwide. Intuitive Surgical holds exclusive field-of-use license for more than 980 U.S. and foreign patents as well as more than 1,020 pending U.S. and foreign patent applications. Intuitive Surgical's patents and patent applications relate to a number of important aspects of its technology, including the surgeon console, electromechanical arms, vision system, endoscope positioning system and EndoWrist instruments. In addition to developing its own proprietary technologies, Intuitive Surgical has established relationships with several industry leaders including IBM Corporation, Massachusetts Institute of Technology (MIT), Johns Hopkins University (JHU) and Heartport, Inc. (Johnson & Johnson). The Company has also entered into industry collaborations with companies including Ethicon Endo-Surgery (Johnson & Johnson), Luna Innovations, Power Medical Interventions, Teleflex Medical, InTouch Health, Stryker, Novadaq and Mimic. Headquartered in Sunnyvale, California, Intuitive Surgical has more than 1,769 employees in offices worldwide. da Vinci Surgery is currently chosen by more US men than any other treatment available for prostate cancer, which is the second leading cause of cancer-related death in men. It is also the #1 option for minimally invasive hysterectomy in the United States. In 2011, Intuitive Surgical reported revenues of $1.75 billion, up 24% from the previous year. Net income was $495.1 million. Benefits
Intuitive Surgical extends comprehensive health care benefits to all regular full-time employees, their spouses or domestic partners, and eligible dependents. Health care benefits include: Intuitive Surgical offers partial continuation of income to financially protect our employees in the event that they become injured or ill and are unable to work. Our disability benefits include: Up to three (3) times the employee's base salary is provided to surviving beneficiaries in case of the employee's death. This plan also provides dismemberment insurance and increased coverage for accidental death. Employees also have the option of purchasing supplemental life insurance for themselves, their spouses, and their children. Employees can reduce taxable income and extend purchasing power by enrolling in the following pretax spending accounts: Intuitive Surgical offers two programs which allow employees to save and invest for the future and to benefit from the success of the company. The ability to attend to personal needs and maintain a work-life balance is important. We offer the following benefits to our employees:
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