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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 disea ...
devices for use in pain management,
physical rehabilitation Physical therapy (PT), also known as physiotherapy, is a healthcare profession, as well as the care provided by physical therapists who promote, maintain, or restore health through patient education, physical intervention, disease prevention, ...
, neurological diagnosis and cardiac monitoring. 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 is named in honor of U.S. Senator Stephen A. Douglas. The county seat is Castle Rock. Douglas County is pa ...
. Thomas Sandgaard serves as the company's
CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
.


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 disea ...
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 respo ...
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 Financial quote, quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members. FINRA closed the OTCBB on November 8, 2021. The ...
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. The population was 14,253 at the 2020 census, and was estimated to be 14,061 in 2024. Lone Tree is a part of the Denver metropol ...
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 S ...
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. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, ...
-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 disea ...
*
Physical medicine and rehabilitation Physical medicine and rehabilitation (PM&R), also known as physiatry, and outside the United States as physical and rehabilitation medicine (PRM), is a branch of medicine that aims to enhance and restore functional ability and quality of life ...
* Cardiac monitoring * Class II Medical devices


External links


Official website


References

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