Cardionics, Inc.
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Cardionics, Inc. - overview
Established
1969
Location
-, TX, US
Primary Industry
Medical Devices & Equipment
About
Cardionics, Inc. is a specialized developer of innovative auscultation simulation products that enhance clinical training and education for healthcare professionals. Their offerings cater to both educational institutions and students globally. Founded in 1969 in Webster, US, Cardionics, Inc.
focuses on advancing clinical education through state-of-the-art auscultation technology. The company was recently acquired by 3B Scientific GmbH in July 2019; financial terms of the transaction remain undisclosed. Mike Strandell serves as the CEO, leading the firm through this transition and into future growth opportunities. Cardionics specializes in the development and provision of innovative auscultation simulation products and services aimed at enhancing clinical education and training in healthcare.
The company’s core offerings include a comprehensive range of electronic stethoscopes, pediatric and adult auscultation manikins, wearable simulation technology, and telehealth systems. These products facilitate the amplification and analysis of physiological sounds, catering to healthcare professionals and students, including those with hearing impairments. Notably, the SAM Online® platform offers remote auscultation e-learning, allowing educators to share live physiological sounds during training sessions. Cardionics serves a diverse client base that includes medical educators, healthcare institutions, and students across various geographical markets, including North America, Europe, Asia-Pacific, and regions in the Middle East and Africa.
Cardionics generates revenue through direct sales and partnerships within the healthcare education sector. Transactions primarily occur through B2B channels, where educational institutions and healthcare providers purchase their flagship products, including auscultation simulators and electronic stethoscopes. The company employs a structured pricing model that includes options for individual product purchases, educational packages, and possibly subscription services for ongoing access to the SAM Online® platform. Their offerings are designed to meet the needs of a growing market focused on experiential learning and clinical skills development, emphasizing the company's commitment to delivering high-quality educational tools that enhance healthcare training outcomes.
Looking ahead, Cardionics plans to expand its product line with new innovations aimed at enhancing clinical training. While specific new product launch dates are pending, the company is actively exploring expansion into the Asia-Pacific and Middle Eastern markets by mid-2023. The acquisition by 3B Scientific GmbH will provide additional resources to support these initiatives, allowing Cardionics to leverage its new parent company's distribution channels and expertise.
Current Investors
J.H.Whitney Capital Partners, 3B Scientific GmbH
Primary Industry
Medical Devices & Equipment
Sub Industries
Education & Training Services, Diagnostic Equipment, Medical Equipment Distributors, Web Applications
Website
www.cardionics.com
Verticals
E-commerce, Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Cardionics, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Cardionics, Inc. | - | ||||||||
| Buyout | Completed | Cardionics, Inc. | - |
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