Medical Device Manufacturer


Medical Device Manufacturer

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$1,421,000





Medical Device Manufacturer

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Business Description

The company is a medical device manufacturer. The team has designed an innovative, noninvasive, nasal alar sensor for pulse oximetry and PPG signals. The product is recognized for obtaining a strong signal that does not drop off, due to its application in a core site (the nasal ala). The company received FDA 510(k) clearance, ISO 13485 certification and CE Mark for this nasal sensor in 2015.

Key Aspects
· Industry-leading, FDA cleared product was made commercially available in March 2015
· Can be found in over 200 hospitals as of Q2 2016
· Quality product, 5,000 unit sales per month with virtually no complaints
· More convenient and reliable than conventional methods in the market
· IP is patent protected with 15 issued US patents and 12 issued foreign patents, as well as 21 pending US and 21 pending foreign patent applications
· Backed by medical science and R&D expertise and experienced management team

Detailed Information

The company operates from a 5,000 sq. ft. facility leased from a third party. There is room to grow in the current location.
Growth & Expansion:
· Build a sales force to create a strong distribution network · Continue to explore crucial OEM agreements · Current product has monitoring capacity beyond pulse oximetry, other applicable markets include infusion pumps, pharmacodynamic monitoring, and mechanical ventilation · Currently testing second generation product that will monitor breathing (e.g., sleep medicine) · Push international sales: European, Asia, and Latin America · Option to sell directly to consumers
Support & Training:
The shareholders are in agreement with finding a significant investment partner for a partial sale. The company is in need of capital in order to promote its product effectively in the high-margin target markets it has identified. The owners are flexible on deal structure. Ownership will consider a full sale as well.

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Dara Shareef

Business Listed By:
Dara Shareef

Benchmark International

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Sponsoring Broker:
Emily Cogley

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