Electromed, Inc.
New York Stock Exchange AmericanCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- James L. Cunniff
- Full Time Employees
- 174
- Sector
- Healthcare
- Industry
- Medical - Devices
- Address
- 500 Sixth Avenue NW New Prague MN United States of America 56071
- IPO Date
- Aug 13, 2010
- CIK
- 0001488917
- Website
- smartvest.com
- Similar Companies
- Business
- Electromed, Inc. develops, manufactures, markets, and sells medical devices that provide airway clearance therapy, primarily through its flagship product, the SmartVest Airway Clearance System. The SmartVest Systems utilize High Frequency Chest Wall Oscillation (HFCWO) technology to assist patients with compromised pulmonary function by facilitating mucus clearance. The company’s product portfolio includes the SmartVest SQL System, SmartVest Clearway System for inpatient hospital use, and single-patient-use SmartVest and SmartVest Wrap products. These devices are marketed to hospitals, home health care providers, pulmonary rehabilitation centers, cystic fibrosis centers, neuromuscular clinics, and directly to patients, primarily in the United States, with distribution through both direct sales and home medical equipment distributors. Founded in 1992 and headquartered in New Prague, Minnesota, Electromed targets patients with chronic respiratory conditions such as bronchiectasis, cystic fibrosis, and neuromuscular disorders. The company serves healthcare providers and patients by incorporating personalized therapy options, including recent expansions in SmartVest garment and generator color options to improve patient satisfaction and adherence. Recent major developments include Electromed’s strategic expansion of distribution channels via partnerships with national and regional home medical equipment distributors, enhancing access to the SmartVest in the U.S. home care market. In 2024, Electromed launched the SmartVest Clearway Airway Clearance System designed specifically for hospital inpatient use. The company also authorized a $10 million stock repurchase program in 2025, reflecting strong operational performance and robust cash reserves. Additionally, Electromed expanded access through a partnership in early 2024 aimed at veterans, federal employees, and Native American communities, advancing its mission to broaden patient reach. Electromed continues to focus on airway clearance innovation and market-driven solutions to support patients with chronic lung diseases, driving growth through product development, strategic partnerships, and expanded distribution while maintaining a strong market presence in the healthcare equipment and supplies sector.
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