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Tactile Systems Technology Inc: Overview

Tactile Systems Technology Inc (Tactile Medical) is a medical technology company that develops, manufactures, and distributes medical devices for the treatment of chronic vascular diseases in a home setting. The company’s products are based on a unique, scalable platform. It offers products for the treatment of conditions that include lymphedema and chronic venous insufficiency. The company’s proprietary products include the Flexitouch System, Entre System and AffloVest. The company offers products directly to customers through referrals from physicians, therapists, or nurses. It has a manufacturing facility in Minnesota and distributes the products to customers in the US. Tactile Medical is headquartered in Minneapolis, Minnesota, the US.

Headquarters United States of America

Address 1331 Tyler St Ne Ste 200, Minneapolis, Minnesota, 55413-1638


Telephone 1 612 3555100

No of Employees 988

Industry Medical Equipment

Ticker Symbol & Exchange TCMD (NASD)

Revenue (2021) $208.1M 11.2% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX -1805% (2021 vs 2020)

Market Cap* $202.6M

Net Profit Margin (2021) XXX -1,621.2% (2021 vs 2020)

* As of and is in US$

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20+

Medical Clinical Trials

A database of clinical trials planned, currently ongoing, completed, suspended, withdrawn, and terminated in countries around the world.

6

Medical Marketed Products

A database of medical devices currently for sale around the world. Devices that have been approved by a regulatory authority are included.

1

Medical Pipeline Products

A database of medical devices that are in the process to get approved for sale around the world. Devices that are in development, through to those in the approval process are included.

40+

Install Base

Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Tactile Systems Technology Inc’s likely spend across technology areas enabling you to understand the digital strategy.

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Products and Services

Products Services Brands
Flexitouch System Product and Customer Service Support Flexitouch
Entre System Entre
AffloVest
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Asset Purchase In September, the company acquired the assets of the AffloVest respiratory therapy business from International Biophysics Corporation.
2018 Acquisitions/Mergers/Takeovers In June, the company announced the acquisition of intellectual property rights of Wright Therapy Products’ pneumatic compression therapy devices.
2018 New Products/Services In April, the company launched its third-generation Flexitouch system, the Flexitouch Plus, which is also commercially available throughout the US for the treatment of lymphedema.
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Competitor Comparison

Key Parameters Tactile Systems Technology Inc AIROS Medical Inc Bio Compression Systems Inc Devon IT Inc. Lympha Press USA
Headquarters United States of America United States of America United States of America United States of America United States of America
City Minneapolis Audubon Moonachie King Of Prussia Freehold
State/Province Minnesota Pennsylvania New Jersey Pennsylvania New Jersey
No. of Employees 988 - - - -
Entity Type Public Private Private Private Private
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Executives
Name Position Board Since Age
Peter H. Soderberg Chairman Executive Board 2012 75
Daniel L. Reuvers Chief Executive Officer; Director; President Executive Board 2020 59
Brent A. Moen Chief Financial Officer Senior Management 2018 54
Peter Schaubach Chief Information Officer Senior Management 2019 -
Thomas F. O’Donnell, Jr., M.D. Chief Medical Officer Senior Management 2017 -
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