Synaptive Medical Secures Strategic Investment to Accelerate Growth and Innovation
MedTech leader emerges from restructuring with renewed momentum and an unwavering focus on transformative surgical care.
Article content
TORONTO — Synaptive Medical, a global medical technology innovator, today announced the successful completion of a strategic restructuring and the closing of a significant new private investment. This milestone marks a pivotal new chapter for the company—one that strengthens its mission to revolutionize neurosurgical care in close collaboration with clinicians worldwide.
Article content
'We remain deeply committed to investing in the people, tools, and technologies that drive progress in surgical planning, neuro-navigation, robotic exoscopy, and advanced MRI,' said Cameron Piron, President and Founder of Synaptive Medical. 'From enhancing surgical precision with our integrated robotic and navigation systems to expanding the diagnostic potential of our MRI platforms, Synaptive is redefining the future of surgery—from imaging to intervention.'
Article content
As part of its transformation, Synaptive is reaffirming its commitment to its comprehensive product portfolio. The company will continue to expand its integrated surgical suite—including Modus X™, Modus Nav™, and Modus Plan™ —alongside its dedicated MRI platform. These advancements are closely aligned with long-standing partnerships at leading hospitals and clinical institutions around the world.
Article content
Throughout the restructuring, Synaptive maintained uninterrupted customer support while continuing to execute on its innovation roadmap. Recent milestones include major software upgrades across its platforms and the launch of new collaborations with internationally recognized medical centers in the United States and Europe.
Article content
The newly secured investment will bring the company to profitability and reflects strong confidence in Synaptive's strategic direction and long-term growth. The company has been wholly acquired by a mission-aligned consortium of MedTech executives, clinicians, and experienced investors who bring deep domain expertise and a shared vision for the future of neurosurgical care.
Article content
'This investment represents a powerful recommitment to Synaptive's mission: to transform brain health in the 21st century for patients and families in need,' said Dr. Joshua Bernstock, neurosurgeon and incoming board member. 'We're proud to join forces with a team that is not only passionate about elevating the standard of care but also fearless in pushing the boundaries of what's possible in diagnostics and surgical innovation.'
Article content
This investment represents the first phase of a broader capital initiative, with additional funding expected in the coming weeks to further support Synaptive's growth strategy and accelerate its innovation pipeline.
Article content
About Synaptive Medical
Article content
Synaptive Medical Inc. is a Toronto-based global medical technology company dedicated to solving complex challenges in surgery, imaging, and data integration to improve patient outcomes. Its integrated suite of solutions—spanning MRI, surgical planning, navigation, and robotic visualization—delivers intelligent, patient-centric technology that enhances clinical decision-making and efficiency across every stage of neurosurgical care.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
Media:
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
20 minutes ago
- Globe and Mail
The greenback question
The U.S. dollar (USD) has lost about 5% of value relative to the Canadian dollar (CAD) so far this year, while the trade-weighted USD has dropped 9%. All else being equal, that means any U.S.-denominated investments have faced a 5% headwind so far in 2025 for Canadian investors, assuming they're unhedged. This has led to a recurring topic in recent conversations on currency, specifically whether or not to hedge U.S. dollar exposures. This isn't a moot point, as there are many different considerations beyond whether the CAD at 73 cents is going to 75 cents or back down to 70 cents. ] Accurately forecasting where a currency is going to go next is rather challenging. Additionally, for a Canadian's portfolio, there are multiple other considerations when it comes to the question of hedging. USD exposure can have a portfolio diversification benefit, and there are many longer-term trends that should be considered. Below, we share our views on all these aspects and our current thoughts on currency hedging. Portfolio diversification For Canadian investors – who are most of our readers – the USD looks fantastic! The TSX and the Canadian dollar are risk-on assets; both are more sensitive than many others to trends in global economic growth. When growth improves and markets become more risk-on, Canadian equity and currency tend to win. Conversely, when growth slows or recession risks rise, the TSX and CAD tend to fall while the USD rises. Even if you dislike policy coming from America, the USD remains a safe-haven currency. If markets go risk-off, money tends to flow back to America, bidding up the currency. As a result, U.S. dollar exposure often acts as a ballast for Canadian investor portfolios, even more so than bonds. The following chart shows the correlation of various investment vehicles to the TSX. USD exposure carries a negative correlation. Additionally included in the chart is the beta, as this helps demonstrate the size of the relative moves, not just the direction. Again, USD stacks up very well as a diversification tool for Canadian portfolios. These numbers look similar over longer periods as well. So, this could support not hedging, given the diversification benefits. But there are other considerations as well. Long-term trends It's very difficult to put a valuation or fair value on a currency exchange rate. Variations in economic activity and shorter-term interest rates certainly drive exchange rates over subsequent months or quarters. Much longer-term purchasing power parity does play a role, but you've got to look really long-term. If a currency is very cheap in one country compared to another, capital flows and trade will gradually reverse the spread (this happens more reliably with developed nations' currencies). The freer the flow of capital, the faster the process; the more restrictions, the slower it goes. But it is not fast either way. Even after the recent rise in the CAD vs USD so far in 2025, we believe the CAD is still cheap or undervalued. But it has been for most of the past decade, as it was overvalued for the previous decade. These are very long and slow-moving cycles. Taking a really long view, the CAD was a dog during the '90s, the USD was a poor performing currency in the '00s, and then the CAD sucked again in the '10s to 2025 so far. If it's a coin flip as to which currency performs better in the next five or ten years, we might say it is a well-loaded coin in favour of the CAD. But there are likely many moves in both directions during that period, some that align with the potential longer-term trend and some that are countertrend. We believe a long-term trend of a weaker USD and strong CAD might support hedging USD exposure. Near-term factors And then there's the rest of the factors, many factors, driving near-term volatility in exchange rates. The CAD has often been influenced by oil prices, but this relationship was stronger pre-2020 than it has been lately. Conversely, changes in short-term relative yields between Canada and the U.S. have become a larger determinant. A narrowing of the spread between two-year yields has supported the Canadian dollar rebound, as has the spike in oil prices as Middle East conflicts intensify. Add cooling uncertainty on the path of tariffs, halving the quantity of short CAD futures contracts, and a minor 'anti' U.S. theme in markets, and we believe the CAD bounce has many supporting tailwinds. These are all known knowns in the currency world, and likely reflected in the recent weakness in USD and strength in CAD, which rallied from below 70 cents to the current 73-cent level. So, in the near term, it really comes down to what happens next. If we get more clarity on tariffs, we could see more CAD strength. If we see economic data continue to decelerate, we could see USD strength. Or some other aspect could rise up to move exchange rates in a way that surprises everyone. Final thoughts So there you have it: no simple answer to this difficult question. From a portfolio construction perspective, we believe you shouldn't hedge just because you want that diversification benefit. From a likely long-term trend perspective, the USD could weaken, supporting hedging. Near-term factors are noisy. We would only act on these factors when things move too far or too fast. At 73 cents, we are rather ambivalent; it's too high to get us excited about adding any USD currency hedges, but not high enough to entice us to remove any existing hedges. In other words, a lot of words and charts just to say we are rather neutral. Craig Basinger is the Chief Market Strategist at Purpose Investments Inc. and portfolio manager of several Purpose funds, including Purpose Tactical Thematic Fund. Notes and disclaimer Content copyright © 2025 by Purpose Investments Inc. All rights reserved. Reproduction in whole or in part by any means without prior written permission is prohibited. This article first appeared on the ' Market Ethos ' page of the Purpose Investments' website. Used with permission. Charts are sourced from Bloomberg unless otherwise noted. The content of this document is for informational purposes only, and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements in this document are forward-looking. Forward-looking statements ('FLS') are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as 'may,' 'will,' 'should,' 'could,' 'expect,' 'anticipate,' intend,' 'plan,' 'believe,' 'estimate' or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments and the portfolio manager believe to be reasonable assumptions, Purpose Investments and the portfolio manager cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
CTV News
36 minutes ago
- CTV News
Hamilton, Ont.'s Shai Gilgeous-Alexander agrees to massive 4-year extension with NBA champion Thunder: AP source
Oklahoma City Thunder guard Shai Gilgeous-Alexander celebrates after they won the NBA basketball championship with a Game 7 victory against the Indiana Pacers Sunday, June 22, 2025, in Oklahoma City. (AP Photo/Julio Cortez) OKLAHOMA CITY (AP) — Shai Gilgeous-Alexander and the Oklahoma City Thunder have agreed on a record-setting 4-year, $285 million extension that would give him the highest single-season average salary in NBA history, a person with knowledge of the agreement said Tuesday. The person spoke to The Associated Press on condition of anonymity because the deal has not been publicly announced and likely won't be until the league's moratorium on most offseason signings is lifted on Sunday. ESPN first reported on the agreement. News of the deal comes on Canada Day, a fitting coincidence for the 26-year-old from Ontario who is coming off a season like few others in NBA history. Not only did Gilgeous-Alexander lead the Thunder to their first NBA championship and the league's best record, he swept most major individual awards — winning regular-season and NBA Finals MVP honors and the scoring title. The supermax extension was not unexpected. It was a question of timing; he could have taken a deal with an even higher total value next summer. Based on the NBA's most recent salary cap projections — the exact numbers will not be finalized until June 2027 — Gilgeous-Alexander would make somewhere around $63 million in the first season and nearly $79 million during the 2030-31 season. That would put him at an average payout of about $1 million per regular season game, and would be the highest single-season salary in NBA history. Gilgeous-Alexander didn't enter the league with superstar expectations. He was the 11th overall pick in the 2018 draft, and he was traded from the Los Angeles Clippers to the Thunder after his rookie year. He has been on an upward trajectory ever since, and Thunder general manager Sam Presti believes that will continue. 'He's gotten better every single year,' Presti said. 'His mindset has allowed him to take these steps and also not — I don't feel like his progress is, like, volatile. I don't know if that makes sense, but I don't feel like it's built on things that can't be repeated and built up again.' Presti referred to Gilgeous-Alexander as a 'basketball artist' because he has the emotional intelligence to know when to call upon his various gifts. 'I just think he's got left and right brain working, and I think when you think about people that are extremely successful in what they do, they can't operate all on one side or the other,' Presti said. 'People have to have — to me, the great people in life, business, sports, any industry, have to be able to access both sides, a creative side and then also a very objective side.' The Thunder are set to be contenders for years. Their best player is in place long-term, all their major players are under contract through at least next season and Presti has a slew of draft picks stashed from previous trades. 'We definitely still have room to grow,' Gilgeous-Alexander said after the Game 7 win over the Indiana Pacers. 'That's the fun part of this. So many of us can still get better. There's not very many of us on the team that are 'in our prime' or even close to it.' AP Basketball Writer Tim Reynolds contributed to this report. Cliff Brunt, The Associated Press
CTV News
36 minutes ago
- CTV News
Toronto FC buys out hefty contracts of Italy's Insigne, Bernardeschi
Toronto FC forward Federico Bernardeschi (10) and New England Revolution forward Leonardo Campana (9) argue during first half MLS soccer action in Toronto, Saturday, May 3, 2025. THE CANADIAN PRESS/Frank Gunn TORONTO — Toronto FC is parting ways with Italian designated players Lorenzo Insigne and Federico Bernardeschi, ending an expensive and unsuccessful partnership. The struggling Major League Soccer club said their contracts had been mutually terminated, with TFC using its two permitted buyouts of their guaranteed deals. 'After several meaningful discussions, we are happy to have found a solution that is agreeable to all parties involved,' Toronto GM Jason Hernandez said in a brief statement Tuesday. The two Italian designated players arrived to much fanfare — with paycheques to match — midway through the 2022 season. But they could not return the club to its former glory. Insigne, 34, was making US$15.4 million this season, second only to Lionel Messi's US$20.5 million. Bernardeschi, 31, was earning US$6.295 million this season, sixth-best in MLS. Insigne's contract ran through June 2026 with an option for the remainder of the year, while Bernardeschi's deal covered 2026 with option years through 2028. It was not money well spent. Toronto (4-10-5) currently sits 13th in the 15-team Eastern Conference, four places and 11 points below the playoff line, and 26th overall in the 30-team league. It has not made the playoffs since 2020, when it stumbled at the first hurdle. Their departure means Toronto is without a designated player, with two such spots available. Under MLS roster rules, a designated player aged at least 24 only carries a salary budget charge of US$743,750, no matter how much they are paid. 'The designated player strategy is a critical component to Toronto FC's success in Major League Soccer and the club will continue to prioritize TFC's short-, medium- and long-term strategy in the weeks ahead,' said MLSE president and CEO Keith Pelley. Insigne scored 19 goals and added 18 assists in 76 games for Toronto across all competitions. That includes one goal and three assists in 12 appearances this season. Bernardeschi scored 26 goals and added 22 assists in 99 appearances across all competitions. An all-star in 2024, he has four goals and four assists through 15 matches this season. Bernardeschi offered a parting message via social media. 'Every single day on the pitch, I gave everything I had. All my passion. All my drive. All of myself. I never held back,' he wrote. 'I gave everything for this shirt, for this city, for its fans.' 'Now a new journey begins for me,' he added. 'A new chapter, a new challenge. But the bond with this city, with its people, will forever live in my heart. Toronto FC, MLS: thank you for this extraordinary adventure. This is not goodbye. It's see you soon.' Bernardeschi has been linked to a move to Italy's Bologna. Insigne sat out the last two TFC games. He did not make it off the bench in a 1-1 draw with the New York Red Bulls and did not dress for Saturday's 3-0 win over Portland. At the time, Toronto coach Robin Fraser said the club wanted to give other players a chance. Toronto sat Insigne for the first four games of this season after failed attempts to move him to clubs in Italy, Spain, Turkey and Brazil. Insigne kept training with the first team while out of favour. 'It wasn't a happy time for me,' he told The Canadian Press in May. 'But I'm not going to keep thinking about it.' 'I've always been happy here, and as long as my contract lasts, I'm going to do the best I can to make us win,' he added. The club eventually returned him to action, but with one goal and three assists in 12 league outings, he did not make much of an impact. Bernardeschi has not played since May 24 when he picked up a fifth yellow card that earned him a one-game suspension. He missed the last three games with what Fraser described as a 'lingering' injury. At his best, the flamboyant Bernardeschi was a sight to behold, marauding down the wing and heading towards goal, looking to unleash his dangerous left boot. But with 26 yellow and four red cards in 88 league appearances, he was also volatile and somewhat unreliable. Insigne showed only flashes of past brilliance that earned him the nickname 'Il Magnifico.' Injuries and family health issues did not help. Unlike Bernardeschi, who was able to converse in English, Insigne's limited language skills meant his side of the story was rarely heard. In May, however, he said he was going to finish out his contract. 'With the money I earn, I could just sit down, I could have said, 'Who cares? I make a lot of money. I don't have to do anything,'' Insigne said in an interview with The Canadian Press. 'But that's not who I am. I'm going to always, every day, come and work hard. And as long as my contract's here, that is my goal at the end — I'm here to work hard and respect everybody.' Hopes were high when the two made their debut in July 2022, when Bernardeschi scored one goal and set up another and Insigne collected a stylish assist in a 4-0 romp over expansion Charlotte FC. The Italians' debut drew an announced sellout of 29,067, well above the average of 23,676 over the previous 11 home matches that season. Compare that to the 14,019 that Toronto drew this season for a 1-0 home loss to FC Cincinnati on May 14. The two Italians reportedly bumped heads with former coach Bob Bradley. John Herdman, who succeeded Bradley. converted Bernardeschi to wingback with Fraser returning him to his more accustomed winger position. Bernardeschi arrived with a Grade-A resume. 'We are thrilled to add Federico to our team,' said Bill Manning, TFC's president at the time. 'As a player and a person, we believe he's exactly what we need right now, both on the field and in the locker room. Federico has proven himself to be a champion and a leader at Juventus and for the Italian national team and brings a pedigree to Toronto that's second to none.' Manning, fired by Pelley in July as president of TFC and the Toronto Argonauts, famously said he settled on insigne after seeing the local interest in Italy's run to the European championship. 'I actually went to the Transfermarkt website and I looked up the Italian national team on what players were coming out of contract,' Manning told reporters. 'And Lorenzo was one of the few players that was coming out of contract. I started writing down players that I thought were world-class, that I thought would have commercial value in this market.' Insigne arrived from Napoli, where he captained the side. He made a combined 416 appearances for the Serie A club, scoring 114 goals with 95 assists across all competitions. He scored 10 goals in 53 appearances for Italy. But he never seemed to find a fit with Toronto. Bernardeschi arrived from Juventus, where he had spent five seasons after joining from Fiorentina. He scored six goals in 38 appearances for the Italian national team, including the winning penalty in the shootout to seal Italy's win over England in the 2020 UEFA European Championship final (played in 2021). This report by The Canadian Press was first published July 1, 2025 Neil Davidson, The Canadian Press
