What is ScanMed?
ScanMed operates as a premier OEM-certified developer of MRI coils, distinguished by its ability to deliver high signal-to-noise ratio (SNR) coverage across a diverse range of clinical applications. The company's portfolio includes pioneering innovations such as the PROCURE wearable pelvic/prostate coil and the industry-first fully flexible Blanket Coil. Beyond original equipment manufacturing, ScanMed maintains its status as the world's largest independently-owned MRI coil repair and refurbishment entity. By integrating in-house component manufacturing with a team of PhD-level diagnosticians, the firm ensures that all repaired hardware adheres to stringent OEM safety and performance benchmarks. Their facility, which maintains ISO 13485 and ISO 9001 compliance, provides a full-service ecosystem for contract engineering, from initial conceptualization to 510(k) regulatory production.
How much funding has ScanMed raised?
ScanMed has raised a total of $785K across 2 funding rounds:
Debt
$350K
Debt
$435K
Debt (2020): $350K with participation from PPP
Debt (2021): $435K led by PPP
Key Investors in ScanMed
PPP
Public-Private Partnership
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for ScanMed?
With the recent influx of capital, ScanMed is positioned to aggressively expand its product pipeline, specifically targeting the rollout of the Interchangeable Pediatric Brain MRI Coil and the Dual-Tuned Lung Coil. The strategic focus remains on enhancing the efficiency of its flex-space design facility to meet the growing demand for rapid, cost-effective medical device development. As the company scales, it is expected to further integrate its contract engineering services with its existing refurbishment infrastructure, creating a vertically integrated powerhouse in the MRI hardware space. Future growth will likely be driven by the continued adoption of its flexible coil technology, which addresses critical gaps in patient comfort and diagnostic accuracy, thereby securing a competitive advantage in the high-stakes medical imaging landscape.
See full ScanMed company page
