Medical Device Manufacturer & Distributor

Description:
The Company is a manufacturer and distributor of advanced medical equipment & medical software, specializing in cardiovascular and neurocognitive monitoring technologies. The Company designs and manufactures state-of-the-art medical devices used to monitor physiological activity. The Company’s products serve a range of medical disciplines, including neurology, cardiology, pulmonology, and endocrinology. The Company includes a manufacturing entity in Europe and distribution entity in the US.

Key Aspects:
• Recurring Revenue: In 2022, the Company introduced a software licensing fee starting in the second year of product ownership, driving increased service revenue with continued growth expected as more customers reach the two-year mark.
• Positive Industry Reputation: The Company has manufactured and distributed high-tech medical equipment for over 30 years, establishing the Company as a well-known brand with a quality product.
• Specialized Equipment: The Company's advanced medical equipment combines different technologies to create an all-in-one solution for diagnosing a wide variety of cardiovascular and neurocognitive conditions.
• Medical Device Certifications: The Company’s medical devices are FDA 510(k) cleared and are registered for sale in the European Union and multiple countries in Asia.

Opportunities:
• Expand International Sales: Leverage the Company's strong reputation to grow sales in key international markets, particularly in Asia and Europe, with the goal of diversifying the customer base and increasing global presence.
• Launch Upgrade Devices: Complete development of the next generation of diagnostic devices to leverage the growing demand for accessible and less costly neurological diagnostic services.
• Increase New Device Sales: Focus marketing efforts of new product to grow market share, diversify revenue streams, and maximize returns on research and development investments.
• Introduce New Neurological Device: Develop EEG monitoring device to be utilized in hospitals and emergency rooms during medical procedures.
• Develop National Contracts Team: Create a dedicated corporate contracts team focused on securing and managing agreements with Group Purchasing Organizations (GPOs) to drive national sales growth and expand market access.
• Launch New Website: Complete the development of the new website to expand awareness of neurological conditions and drive demand for neurological diagnostic services.

Headquartered:
• Western, US & Europe

Current Markets:
• The Company operates as a business-to-business (B2B) provider, supplying medical equipment primarily to healthcare professionals and educational researchers. The Company primarily serves independent physician-owned medical practices, which represent approximately 80% of total revenue. In addition, the Company supplies medical devices to large hospital networks with operations across the US.

Real Estate:
• The Company operates out of four facilities, totaling a combined 9,400 sq. ft., located in Western, US and Europe. Two facilities are leased from an unrelated third party and two are leased from an affiliated entity. The facilities owned by an affiliated will not be included in the sale; however, management is willing to negotiate a long-term lease agreement.