What is WaveMark?
WaveMark Solutions specializes in providing sophisticated predictive analytics and automated hospital inventory management systems directly at the point of care. As a division of Cardinal Health, WaveMark is dedicated to enhancing the efficiency and financial performance of healthcare supply chains. Their technology offers real-time visibility into medical supplies across various hospital departments, aiming to optimize clinical workflows, improve product availability, and bolster patient safety. The company primarily targets large hospitals and health systems seeking to leverage advanced technology for operational excellence.
How much funding has WaveMark raised?
WaveMark has raised a total of $23.4M across 6 funding rounds:
Series A
$4.5M
Private Equity
$8.5M
Debt
$815K
Private Equity
$3.9M
Debt
$2.8M
Debt
$2.8M
Series A (2006): $4.5M with participation from Loeb Partners Corporation and SRK Management Company
Private Equity (2008): $8.5M, investors not publicly disclosed
Debt (2010): $815K, investors not publicly disclosed
Private Equity (2010): $3.9M, investors not publicly disclosed
Debt (2011): $2.8M, investors not publicly disclosed
Debt (2012): $2.8M, investors not publicly disclosed
Key Investors in WaveMark
Loeb Partners Corporation
Loeb Partners Corporation is a private equity firm that provides growth capital and establishes long-term relationships with its portfolio companies, focusing on tailored advice and independent investment strategies.
SRK Management Company
SRK Management Company, based in New York City, offers specialized management services and expertise to clients across various sectors, emphasizing a professional approach to service delivery.
What's next for WaveMark?
The substantial enterprise-level capital infusion, including the recent strategic investment, positions WaveMark for accelerated growth and deeper integration into healthcare systems. This backing will likely enable the company to expand its technological capabilities, enhance its predictive analytics offerings, and broaden its market reach. WaveMark's focus on optimizing critical care item management suggests a strategic direction towards solidifying its role as an indispensable partner for hospitals aiming to improve both financial outcomes and patient care through intelligent supply chain solutions.
See full WaveMark company page
