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, and Entre System. 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.
Key Stats
Address
1331 Tyler St Ne Ste 200, Minneapolis, Minnesota
Headquarters

United States of America

Contact

1 612 3555100

No of Employees

707

Industry

Medical Equipment

Ticker Symbol & Exchange​

TCMD [NASD]

Revenue (2020)

$187 m

-1.3% (2020 vs 2019)
Net Income (2020)

$-1 m

-109.1% (2020 vs 2019)
Net Profit Margin

-0 %

-105.7% (2020 vs 2019)
Market Cap *

$819 m

EPS *

$-0

  *Note: Ratios based on the share price as of 6-October-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Tactile Systems Technology Inc
Key Information
Headquarters United States of America
Headquarter City Minneapolis
Headquarter State/Province Minnesota
No. of Employees 707
Entity Type Public

Products & Services

Tactile Medical focuses on developing medical devices for the treatment of chronic diseases at home. Major products and services offered by the company include the following:

Products
  • Flexitouch System
  • Entre System
Services
  • Product and Customer Service Support
Brands
  • Flexitouch
  • Entre
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Daniel L. Reuvers President; Chief Executive Officer; Director Executive Board 2020 58 Mr. Daniel L. Reuvers serves as Chief Executive Officer, President and Director of the company. Prior to this, he served...
Peter Schaubach Chief Information Officer Senior Management 2019 - Mr. Peter Schaubach has been the Chief Information Officer of the company since 2019. Prior to this, he served as...
Brent A. Moen Chief Financial Officer Senior Management 2018 53 Mr. Brent A. Moen has been the Chief Financial Officer of the company since September 2018. Prior to this, he...
Thomas F. O’Donnell, Jr., M.D. Chief Medical Officer Senior Management 2017 - Mr. Thomas F. O’Donnell Jr. has been the Chief Medical Officer of the company since 2017. Previously he served as...
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History

Year Event Description
2021 Asset Purchase In September, the company acquired the assets of the AffloVest respiratory therapy business from International…
2018 New Products/Services In April, the company launched its third-generation Flexitouch system, the Flexitouch Plus, which is also…
2018 Acquisitions/Mergers/Takeovers In June, the company announced the acquisition of intellectual property rights of Wright Therapy Products’…
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Locations


Swelling Solutions, Inc.

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
17 Oct 2018 Tactile Medical Enters into Licensing Agreement with Sun Scientific Partnership Sun Scientific Corporation; Tactile Systems Technology Inc
04 Jun 2018 Tactile Medical Acquires Intellectual Property Rights to Pneumatic Compression Device Technology from Wright Therapy Asset Transaction Tactile Systems Technology Inc Wright Therapy Products
13 Sep 2017 Tactile Systems Prices Public Offering of Shares for USD109 Million Equity Offering Tactile Systems Technology Inc
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09 Jun 2016 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

18

Active Jobs

0

Posted

0

Closed

Job Trends

Latest Jobs

Job title Company Country
Area Director Sales- West Tactile Systems Technology Inc United States
Regional Payer Manager - West Tactile Systems Technology Inc United States
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