Axiom Medical Company Profile

Background

Overview

Axiom Medical, established in 1976, is a woman-owned and operated company headquartered in Torrance, California. The company specializes in manufacturing and distributing a comprehensive line of silicone extruded wound drains and precision extrusions for various industries. Recognizing the limitations of existing wound drainage technologies, Axiom Medical pioneered the development of fully silicone wound drains, offering a safer and more effective solution for post-operative care.

Mission and Vision

Axiom Medical's mission is to provide outstanding, innovative, and effective work-related healthcare services to employees, positively impacting their lives and delivering meaningful returns on investment to employers. The company's vision is to be a leader in occupational health services, ensuring the well-being of the workforce through comprehensive health management solutions.

Primary Area of Focus

The company focuses on the development and distribution of silicone-based medical devices, particularly wound drains, and offers occupational health services, including injury case management and employee absence management. Axiom Medical serves a diverse clientele across various industries, including oil and gas, construction, healthcare, manufacturing, retail, and transportation.

Industry Significance

Axiom Medical holds a significant position in the medical device industry, particularly in the niche of silicone wound drainage solutions. The company's innovative approach to wound care has set industry standards, and its commitment to quality and precision has earned it a reputation as a trusted supplier of medical devices.

Key Strategic Focus

Core Objectives

Innovation in Product Development: Continuously advancing the design and functionality of silicone wound drains to meet evolving medical needs.

Comprehensive Occupational Health Services: Providing end-to-end solutions for injury case management and employee health, aiming to reduce downtime and enhance workforce productivity.

Specific Areas of Specialization

Silicone Medical Devices: Specializing in silicone extrusions and molding, Axiom Medical offers a range of products, including wound drains, catheters, and surgical accessories.

Occupational Health Services: Offering services such as injury case management, employee absence management, and mental health support through the Axiom Medical App.

Key Technologies Utilized

Silicone Molding and Extrusion: Employing advanced extrusion equipment and laser micrometers to produce high-quality silicone products.

Digital Health Solutions: Utilizing the Axiom Medical App to provide 24/7 access to licensed medical professionals, enhancing the accessibility and efficiency of occupational health services.

Primary Markets Targeted

Medical Sector: Hospitals, surgical centers, and clinics requiring high-quality wound drainage solutions.

Industrial Sector: Companies in oil and gas, construction, manufacturing, and transportation seeking comprehensive occupational health services.

Financials and Funding

Funding History

Axiom Medical has secured funding from private equity firms, including Serent Capital and Saratoga Partners. The company has utilized these funds to expand its product offerings and enhance its service capabilities.

Total Funds Raised

Specific details regarding the total funds raised by Axiom Medical are not publicly disclosed.

Notable Investors

Serent Capital: A private equity firm specializing in investing in lower middle-market companies.

Saratoga Partners: A private equity firm focusing on investments in healthcare and business services.

Intended Utilization of Capital

The capital raised has been directed towards:

Product Development: Enhancing existing products and developing new medical devices.

Service Expansion: Broadening the scope of occupational health services offered to clients.

Technological Advancements: Investing in digital health solutions to improve service delivery and client engagement.

Pipeline Development

Key Pipeline Candidates

Axiom Medical is focused on expanding its product line to include:

Advanced Wound Drainage Solutions: Innovative designs aimed at improving patient comfort and surgical outcomes.

Digital Health Platforms: Enhancements to the Axiom Medical App to provide more comprehensive health management features.

Stages of Development

Product Development: Ongoing research and development to refine product designs and incorporate user feedback.

Clinical Trials: Conducting trials to validate the efficacy and safety of new medical devices.

Target Conditions

Post-Operative Wound Care: Addressing complications such as fluid accumulation and infection.

Occupational Injuries: Providing solutions for injury prevention, management, and rehabilitation in the workplace.

Anticipated Milestones

Product Launches: Scheduled releases of new wound drainage products and app features in the coming fiscal year.

Regulatory Approvals: Seeking FDA clearance for new medical devices and app functionalities.

Technological Platform and Innovation

Proprietary Technologies

ClotStop® Coating: An exclusive coating that increases lubricity and reduces tissue irritation and vascular damage, enhancing the performance of wound drains.

Significant Scientific Methods

Surgeon-Driven Design: Collaborating with surgeons to develop products that meet the practical needs of medical professionals.

Evidence-Based Practices: Utilizing clinical data to inform product development and service delivery.

AI-Driven Capabilities

Digital Health Solutions: Incorporating AI to provide personalized health assessments and recommendations through the Axiom Medical App.

Leadership Team

Key Executives

Mark Robinson: President & CEO

Dara Wheeler: Chief Marketing Officer

Dr. Scott Cherry: Chief Medical Officer

Chuck Kable: Chief Legal & HR Officer

Jordan Wheeler: Chief Operations Officer

Chad Winkle: Executive Vice President of Sales

Jason Miner: Chief Information Officer

Kevin Campbell: Chief Financial Officer

Professional Backgrounds and Contributions

Mark Robinson: With extensive experience in healthcare management, Robinson has led Axiom Medical through significant growth and innovation.

Dara Wheeler: Wheeler has been instrumental in developing marketing strategies that have expanded the company's market presence.

Dr. Scott Cherry: As CMO, Dr. Cherry ensures that Axiom Medical's products and services meet the highest medical standards.

Chuck Kable: Kable oversees legal and human resources, ensuring compliance and fostering a positive workplace culture.

Jordan Wheeler: Wheeler manages operations, streamlining processes to enhance efficiency and service delivery.

Chad Winkle: Winkle drives sales initiatives, contributing to the company's revenue growth.

Jason Miner: Miner leads the IT department, implementing technological solutions that support business operations.

Kevin Campbell: Campbell manages financial strategies, ensuring the company's fiscal health and supporting strategic investments.

Competitor Profile

Market Insights and Dynamics

The medical device industry, particularly in the segment of silicone wound drainage solutions, is characterized by a focus on patient safety, comfort, and the efficacy of post-operative care. There is a growing demand for innovative products that reduce complications and improve recovery times.

Competitor Analysis

Hexion Inc.: A global producer of epoxy specialty resins, serving various industries, including medical devices.

Robbins, LLC: Provides high-performance products for tire retreading operations, with a focus on efficiency and quality.

Strategic Collaborations and Partnerships

Axiom Medical has established partnerships with healthcare providers and industry leaders to enhance product development and expand service offerings. Collaborations with surgeons and medical professionals have been crucial in designing products that meet clinical needs.

Operational Insights

Axiom Medical differentiates itself through its commitment to quality, innovation, and customer service. The company's focus on American-made products and adherence to strict quality control standards provide a competitive edge in the market.