Sovato Isn't Focused on Becoming an Acquisition Target, CEO Says -- Market Talk

Dow Jones
Apr 08

1232 ET - Sovato isn't looking to get acquired, at least not yet, according to the remote surgery startup's new CEO Brian Miller. "We'll see how it develops. It's something that we're not focusing on right now. We're focusing on building that strong infrastructure and platform," Miller tells WSJ. "Once we've demonstrated that we can start to build that into the market, gather that data that really shows the value and the impact that it's having, then we'll see what path it takes." Miller joins Sovato after more than two decades at Intuitive Surgical. Intuitive pioneered and continues to lead the market for robot-assisted surgery, and also participated in Sovato's latest funding round, alongside other investors like Teladoc Health. Both Intuitive and Teladoc have acquired startups founded by Sovato's co-founder Yulun Wang. (kelly.cloonan@wsj.com)

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April 07, 2026 12:33 ET (16:33 GMT)

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