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Intuitive Surgical pays $274m, closes $2B share buyback deal

By Fink Densford | December 8, 2017

Robotic surgical giant Intuitive Surgical (NSDQ:ISRG) paid $274 million to Goldman Sachs to close a nearly year-long buyback of its common stock, according to an SEC filing posted yesterday

The payback was part of a total $3 billion stock repurchasing deal the company initiated on January 27, in which is paid $2 billion for an initial 2.4 million shares of common stock, or 7.3 million after the three-to-one split it approved in August.

The remaining amount of share repurchases authorized in the deal after closing was $717.5 million, according to the SEC filing.

In early November, Intuitive opened the doors on a new $8.9 million surgical innovation training center on South Korea.

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  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
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    • RBR50
      • RBR50 Winners 2025
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  • Resources
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    • Search Robotics Database
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