What is ScanMed?
ScanMed operates as a specialized original equipment manufacturer (OEM) for MRI coils, renowned for its high-performance products that cater to diverse clinical requirements. The company's innovative portfolio includes the pioneering PROCURE wearable pelvic/prostate coil and the versatile Blanket Coil, alongside a range of Semi-FlexTM and rigid coils for various anatomical applications. Beyond new product development, ScanMed is the world's largest independent entity for MRI coil repair and refurbishment, leveraging extensive parts inventory, in-house manufacturing, and expert diagnostics to restore coils to OEM specifications. Furthermore, the company offers comprehensive MRI coil contract engineering and manufacturing services, facilitating rapid and cost-effective product development from concept to market.
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
PPP
Public-Private Partnership
What's next for ScanMed?
With a substantial enterprise-level funding round and a recent strategic investment, ScanMed is poised for accelerated growth and technological advancement. The company's focus on introducing next-generation MRI coils, such as the Interchangeable Pediatric Brain MRICoil and the Dual-Tuned Lung Coil, signals a commitment to addressing unmet clinical needs. This strategic capital infusion will likely support scaling manufacturing capabilities, expanding research and development efforts, and potentially broadening its market reach. ScanMed's dual expertise in innovation and refurbishment positions it for sustained leadership in the competitive medical device sector.
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