Medical Devices Company for Sale in Naperville, United States

Company in Illinois specializes in incubating innovative technology companies in the field of health and wellness with an emphasis on applications of artificial intelligence and patient centricity.

The owner of the business has over 16 years of experience in healthcare technology and hi-tech space, especially with building IoT, cloud, and AI software solutions.

The team has created remote monitoring solutions for cardiac monitoring of rhythms, arrhythmias, and EKG telemetry.

The platform comes with a mobile app that connects to a single-channel ECG device via Bluetooth BLE and processes it for real-time ECG streaming, ECG videos, cardiac reporting, and storing the data to the cloud.

The platform currently supports two devices: An FDA cleared single channel EKG patch and a CE grade single channel EKG device.

Note that the company does not manufacture devices. The platform was designed to integrate with multiple devices.

ECG is clinical quality and the software has already been used in multiple research projects.

Software for remote monitoring and telemetry can be brought to market quickly.

Note that this platform can be sold globally through CE and FDA cleared devices.

Customer segments would be cardiac patients, cardiologists, hospitals, assisted living centers, research labs, or pharma companies.

Specific use cases include continuous cardiac monitoring, post-procedure arrhythmia monitoring, sleep studies, and clinical research.

Revenue would be generated from paid services and device sales.

CPT codes for reimbursements available on request (for the US only).

The business does not have any physical assets.

Ideally, the seller would like to license the software platform to the buyer. He is open to discussing alternatives such as partnership contracts, asset-sale, etc.

In the case of an acquisition, the buyer would get the mobile app, iOS and Android source code, iOS and Android SDKs, developers portal, cloud platform, test devices, list of suppliers, and all versions of the software code with version control.

Cardiac remote monitoring and streaming mobile app that connects wirelessly to a single-lead EKG through Bluetooth BLE.

Integrates with two devices: an FDA patch and a CE cleared device sensor. Important to note that any diagnostic application and algorithms will need FDA clearance. An intervention by a medical professional and using this platform for the sole purpose of decision support can help navigate this. Legal advice recommended.

Data sets and streams for analytics, anomaly detection, and research.

Clinical metric captures include HR, RRI, HRV, Respiratory Rate. Rhythm waveforms are also captured.

In-built machine learning algorithms that detect health and wellness metrics such as stress, mood, and heart age.

Clinical quality ECG reports stored in PDF and supporting email service for sending the reports.

Demo for a mobile telemetry application available.

Future capabilities:

- The cloud platform is currently serverless and has low overheads, which reduces the capital requirements to get the product to market quickly. It can be expanded to a big data platform that can support real-time analytics, machine learning, or research initiatives.

- Additional devices, including multi-channel and multi-lead devices up to 12 leads, can be integrated into this platform in the future. (Subject to FDA clearance or cleared devices)

- Temperature sensors are also available and can be integrated into the solution (e. g. , for COVID monitoring)

Given the integration is at the chip level, the device can be redesigned to various forms, including wearables such as t-shirts, bras, watches, and other form-factors. Some designs and CAD drawings can be made available for an additional fee.

- Advanced arrhythmia algorithms can be integrated at an additional cost and will require FDA clearance or FDA cleared software.

Mobile app, cloud and analytics platform, devices.

There are no facilities included in this transaction and this is a virtual company.