ECOM Medical, Inc.

Medical Device Company

Company Information

Website:

http://ecommedical.com/

Sector:

Medical Devices & Equipment

Location:

California

ECOM Medical develops easy to use perioperative medical devices that reduce healthcare costs by decreasing patient complications and shortening recovery times.

Complications during surgery are a major problem. Of the 10 million major surgeries performed in the U.S. each year, approximately 25% will result in at least one complication. At an average cost of $17K per patient, the cost of complications is well over $40B annually.

For hospitals, the financial risks have become even more significant as changes in the Affordable Care Act no longer allow hospitals to bill for the costs to treat complications associated with surgery.

Instead, hospitals are now required to absorb these costs. To help mitigate this risk, hospitals have been adopting what is known as Goal Directed Therapy (GDT).

GDT is a technique used in critical care medicine involving intensive monitoring and aggressive management of perioperative hemodynamics in patients with a high risk of morbidity and mortality.

GDT has proven to be very effective in reducing surgical complications by as much as 50%. The Company's objective is to facilitate the adoption of GDT by turning routinely used perioperative devices into ones that can be used for GDT patient management.

Team Background

Guy R. Lowery - President and CEO

Experienced medical device executive with a 40 year career in both start-ups and large multinational companies.

Founded ECOM Medical, Inc., in cooperation w/CONMED to bring ECOM to market.

BA in Biology Univ of CA at San Diego. He holds 13 US Patents.

Daniel Wu - Chief Financial Officer

20+ years of corporate accounting and finance experience in manufacturing, financial services, medical device and technology.

Andrew Lawrence - VP of Engineering

25+ yrs engineering design and research experience, including cardiovascular and bio-impedance research and design for leading manufacturers of medical equipment.

Preston Wilson - Director Domestic Sales

20+ yrs executive sales management w/significant success in medical device industry including venture backed companies.

Co-Investors

Raising
$4 million
Committed
$ (0%)
Min. Investment
$50000
Deal Type
Title II
(For accredited investors only)
Offering Type
Equity
Finance History
Notable Investors
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