British investment firm Consensus Business Group (CBG), owned by entrepreneur Vincent Tchenguiz, is joining the Israeli-based medical device incubator MEDX Xelerator as a partner, the incubator announced Wednesday.
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CBG will join current investors Boston Scientific, MEDX Ventures Group, Intellectual Ventures and Sheba Medical Center at Tel Hashomer.
MEDX Xelerator CEO Shai Policker said, "Adding CBG as a partner is a major step for us and provides an opportunity for new collaborations and expanding our global network."
Tchenguiz said, "The global epidemic has sharpened the need to develop advanced medical technologies with emphasis on preference for remote care, minimal contact care or home hospitalization. Identifying opportunities for development of innovative solutions will help improve patients' health, while addressing other needs of the healthcare system. Joining MEDX incubator will add an important tier to CBG's portfolio."
MEDX portfolio companies include Append Medical, Exero Medical, PatenSee, Swift Duct, Dimoveo and Synchrony.
