Symmetry Surgical buys tool from California company

Antioch-based Symmetry Surgical has paid $400,000 to California-based Insightra Medical for a surgical retractor — a tool that peels back tissue from a surgical area — and related products. The deal isn't expected to grow profits in 2016 but CEO Tom Sullivan and his team say it will solidify their place in the market for retractors.

"This acquisition is another building block in our growth plan to acquire innovative products, supported by intellectual property protection, that bring clinical and economic value to our customers," Sullivan said in a statement. "It also expands our presence in the larger, single-use segment of the market, which drives higher margin recurring revenue."

Symmetry shares (Ticker: SSRG) rose about 2 percent Tuesday to $9.30. They've risen about 6 percent in the past six months.

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