LogicMark LLC
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LogicMark LLC - overview
Established
2006
Location
Louisville, KY, US
Primary Industry
Medical Devices & Equipment
About
LogicMark LLC develops medical alert devices and personal emergency response systems to enhance safety and independence for seniors and veterans through real-time monitoring and immediate emergency notifications. LogicMark LLC, founded in 2006, is headquartered in Louisville, US. The company specializes in medical alert systems that provide immediate assistance during emergencies. In May 2016, NXT-ID Inc.
acquired LogicMark for USD 20 mn, marking a significant strategic pivot in its business operations. The firm has engaged in 2 deals to date, with the latest deal concluded in May 2016. LogicMark, Inc. specializes in medical alert devices and personal emergency response systems, serving a diverse clientele that includes healthcare providers, senior living facilities, and government agencies.
Their core product offerings enhance safety and independence, especially for seniors and veterans. The devices feature real-time monitoring and instant notifications for emergencies such as falls. Key capabilities include fall detection, caregiver video for validation, custom safe zones, and direct connections to crisis support services. The products are available throughout the United States, targeting veteran service organizations and senior living communities.
LogicMark's revenue model is based on direct consumer sales, partnerships with healthcare providers, and wholesale agreements with senior living facilities and veteran service organizations. The company sells medical alert devices, including the Guardian Alert 911 Plus and Freedom Alert Mini, and offers subscription-based monitoring services with 24/7 support. Pricing structures accommodate individual and institutional clients, ensuring tailored solutions for their safety needs. LogicMark intends to leverage its recent acquisition by NXT-ID to enhance its product offerings and expand into new geographic markets.
Although specific details regarding upcoming products or release dates are not available, the company is focused on utilizing the USD 20 mn from the acquisition to support these initiatives. LogicMark is expected to explore growth opportunities in broader markets, particularly among veteran service organizations and senior living facilities, aiming for a timely expansion in these sectors.
Primary Industry
Medical Devices & Equipment
Sub Industries
Medical Devices & Equipment, Industrial Machinery
Website
www.logicmark.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
LogicMark LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | LogicMark LLC | - | ||||||||
| Buyout | Completed | LogicMark LLC | - |
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