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Zynex, Inc. is a medical device manufacturer that produces and markets
electrotherapy Electrotherapy is the use of electrical energy as a medical treatment. In medicine, the term ''electrotherapy'' can apply to a variety of treatments, including the use of electrical devices such as deep brain stimulators for neurological dise ...
devices for use in pain management,
physical rehabilitation Physical therapy (PT), also known as physiotherapy, is one of the allied health professions. It is provided by physical therapists who promote, maintain, or restore health through physical examination, diagnosis, management, prognosis, patient ...
, neurological diagnosis and
cardiac monitoring Cardiac monitoring generally refers to continuous or intermittent monitoring of heart activity to assess a patient's condition relative to their cardiac rhythm. Cardiac monitoring is usually carried out using electrocardiography, which is a noninv ...
. Thomas Sandgaard founded Zynex Medical in 1996. The company is based in unincorporated
Douglas County, Colorado Douglas County is a county located in the U.S. state of Colorado. As of the 2020 census, the population was 357,978. The county seat is Castle Rock. Douglas County is part of the Denver-Aurora-Lakewood, Colorado, metropolitan statistica ...
. Thomas Sandgaard serves as the company's
CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
.


History

In 1996, Thomas Sandgaard founded Zynex Medical as a wholesaler of
electrotherapy Electrotherapy is the use of electrical energy as a medical treatment. In medicine, the term ''electrotherapy'' can apply to a variety of treatments, including the use of electrical devices such as deep brain stimulators for neurological dise ...
products. Sandgaard began working with medical devices in his native Denmark and immigrated to the United States with plans to open a medical devices business. He launched his company in a one-bedroom apartment with $4,000 and a credit card. In 1998, the company received its first
Food and Drug Administration The United States Food and Drug Administration (FDA or US FDA) is a List of United States federal agencies, federal agency of the United States Department of Health and Human Services, Department of Health and Human Services. The FDA is respon ...
approval for one of its products, “an electric-stimulation device that managed pain and increased blood circulation to promote healing.” The company went public in 2004. In 2008, the company changed its name from Zynex Medical Holdings to Zynex and began trading on the
OTC Bulletin Board The OTC (Over-The-Counter) Bulletin Board or OTCBB was a United States quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members. FINRA closed the OTCBB on November 8, 2021. The board was used for ...
under the symbol ZYXI. It relocated from
Lone Tree, Colorado The City of Lone Tree is a home rule municipality located in northern Douglas County, Colorado, United States. Lone Tree is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area. The city population was 10,218 at the 2010 Un ...
to
Englewood, Colorado The City of Englewood is a home rule municipality located in Arapahoe County, Colorado, United States. The town population was 33,659 at the 2020 United States Census. Englewood is a part of the Denver–Aurora–Lakewood, CO Metropolitan Stati ...
in early 2018. In February 2010, Zynex restructured its business into three subsidiaries: Zynex Medical, Zynex Monitoring Solutions and Zynex NeuroDiagnostic. Zynex Medical manufactures electrotherapy devices for pain management and physical rehabilitation; Zynex Monitoring Solutions manufactures devices for non-invasive cardiac monitoring; and Zynex NeuroDiagnostic manufactures devices for neurological diagnosis. In March 2012, Zynex Medical acquired the assets of NeuroDyne Medical. NeuroDyne Medical was a
Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. As part of the Boston metropolitan area, the cities population of the 2020 U.S. census was 118,403, making it the fourth most populous city in the state, behind Boston, ...
-based manufacturer of “medical devices for non-invasive measurement of surface electromyography and autonomic nervous systems.” NeuroDyne Medical was folded into Zynex's NeuroDiagnostic subsidiary. In February 2019, Zynex Medical began trading on Nasdaq under the symbol ZYXI. In February 2020, Zynex received FDA clearance for their CM-1500 Cardiac Monitor.


See also

*
Electrotherapy Electrotherapy is the use of electrical energy as a medical treatment. In medicine, the term ''electrotherapy'' can apply to a variety of treatments, including the use of electrical devices such as deep brain stimulators for neurological dise ...
*
Physical medicine and rehabilitation Physical medicine and rehabilitation, also known as physiatry, is a branch of medicine that aims to enhance and restore functional ability and quality of life to people with physical impairments or disabilities. This can include conditions su ...
*
Cardiac monitoring Cardiac monitoring generally refers to continuous or intermittent monitoring of heart activity to assess a patient's condition relative to their cardiac rhythm. Cardiac monitoring is usually carried out using electrocardiography, which is a noninv ...
* Class II Medical devices


External links


Official website


References

{{Reflist Medical technology companies of the United States Companies listed on the Nasdaq