# Medical Ingenuities

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medical-ingenuities

- Industry: Medical Devices & Equipment
- Headquarters: Wheaton, US
- Website: www.medicalingenuities.com
- Latest round: Seed (May 24, 2021)
- Investors on record: 1

## About

Medical Ingenuities, LLC is a developer of innovative medical devices, focusing on enhancing procedural outcomes for healthcare providers through advanced technology in radial artery interventions.Founded in 2011, Medical Ingenuities, LLC operates from Wheaton, US, specializing in the design and manufacture of medical devices such as the PH Band System. The company was established by Tony Olivito, who has a background in medical technology. Medical Ingenuities has completed 2 deals, with the most recent occurring on May 24, 2021.Medical Ingenuities specializes in the design and manufacture of innovative medical devices, with a core emphasis on the PH Band System, a proprietary closure device for radial artery procedures. This system leverages real-time Doppler feedback to provide audible confirmation of antegrade blood flow, ensuring that the radial artery remains patent following closure. By eliminating the need for continual pressure adjustments, the PH Band System streamlines the post-procedure care process for healthcare providers. The primary end-users of this product include interventional cardiologists and vascular surgeons, primarily within hospitals and outpatient surgical centers. The product is FDA cleared and available exclusively in the United States, catering to a domestic market focused on improving patient outcomes in radial artery interventions.The revenue model of Medical Ingenuities revolves around direct sales of its flagship PH Band System to healthcare institutions, which includes hospitals and surgical centers. Transactions typically occur through established procurement contracts, where institutions purchase the device in bulk to meet their operational needs. This B2B model allows for consistent revenue generation through institutional partnerships, enhancing the company's market presence. The pricing structure for the PH Band System reflects its advanced technology and the critical role it plays in patient care, although specific pricing details are not disclosed. Revenue streams are further supported by ongoing relationships with clients, ensuring that healthcare providers regularly acquire the necessary devices for their procedures.Medical Ingenuities plans to leverage recent seed funding raised in May 2021, led by Genesis Innovation Group, to support the development of new products and expand into new markets. The company aims to enhance its product lineup with advanced medical devices targeted for release in the near future. Additionally, there are strategic plans to enter new geographic regions, further solidifying its presence in the healthcare sector.

## Funding rounds

- Seed, May 24, 2021 — Genesis Innovation Group

## Investors

- Genesis Innovation Group (https://capitalatlas.ai/funds/genesis-innovation-group) — Seed