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Attune Medical (formerly Advanced Cooling Therapy, Inc.)

Attune Medical sells a patented, disposable medical device enabling cost-effective patient temperature control to save lives and reduce costs.

  • Stage $500K in TTM Revenue
  • Industry Medical Devices and Equipment
  • Location Chicago, IL, US
  • Currency USD
  • Founded February 2009
  • Employees 15
  • Incorporation Type C-corp
  • Website attune-medical.com

Company Summary

Advanced Cooling Therapy (ACT) has developed a patented, disposable medical device enabling cost-effective patient temperature control to save lives and reduce costs. ACT is led by an experienced team bringing expertise from multiple successful medical device companies from start-up to acquisitions ranging up to $255M (9x sales) in the temperature management space. ACT has secured FDA clearance and is generating US sales at 90% gross margin.

Team

  • F43838d5 471d 442e 95ab 7ba5212b8a59
    CEO/President & Co-Founder

    Dr. Kulstad is an emergency physician with 50+ scientific publications. As an end-user and key opinion leader in the temperature management field, he brings knowledge and customer contacts. Dr. Kulstad's medical experience and chemical engineering expertise helped to inspire his invention of the esophageal temperature management device. Dr. Kulstad was educated at UT Southwestern Medical Center (MD) and University of Houston (MS Chem E).

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    Igal Ladabaum, PhD
    Executive Board Chairman

    Dr. Ladabaum is a successful serial entrepreneur and industry-experienced executive with multiple prior exits. Most recently, Dr. Ladabaum helped to lead InSound Medical from start-up to a $200M exit to Sonova. Previously, Dr. Ladabaum was the co-founding CEO and CTO of Sensant Corporation, another venture backed startup that was successfully sold to Siemens. Dr. Ladabaumwas educated at U.C. Berkeley, Ecole Polytechnique, and Stanford University.

  • F5e5631f 7bf4 4412 bbf2 e1c08bd78ccc
    VP Sales

    Mr. Drassler brings sales, marketing, and distribution experience in patient temperature management and monitoring that spans over 25 years. He helped to grow Medivance, a patient temperature management company, from $0-30M in annual sales and a $250M (8x sales) acquisition by CR Bard. Previously, he was with Covidien in the Patient Monitoring division with responsibility for the midwest. Mr. Drassler was educated at University of Illinois.

  • 0592b9e5 e799 48bb 946b bd82003da704
    VP Clinical

    Mrs. Gray joins ACT with 15 years of clinical and management expertise in the medical device industry. Her clinical experience was derived from her time at Memorial Sloan Kettering and Columbia Presbyterian. Mrs. Gray's vast knowledge of temperature management was fostered by 7 years in clinical education at Medivance, which grew $0-30M leading to a $250M exit. Mrs. Gray received her BSN from Georgetown and MS in Nursing Education from NYU.

  • B499bdc4 66c7 4fc4 881d 8fda824fd148
    Senior Director of Operations

    Mr. Shanley is an engineer, entrepreneur, and quality/regulatory strategist who has been part of the team since June 2012. Since then, he has built and maintained an ISO 13485 certified quality system and secured regulatory approvals in US, Canada, Europe, and Australia, enabling commercial launch on multiple continents. Mr. Shanley received an MS in Biotechnology from Northwestern University and a BS in engineering from University of Illinois.

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    Keith Warner, MBA
    COO

    Keith Warner is a seasoned executive in the life science industry with over 30 years experience building high value companies. Keith has been instrumental building early stage companies toward successful M&A transactions. Keith served in leadership roles at organizations including Wafergen BioSystems, Novartis/Chiron and Biodesix. Keith also held several roles in manufacturing, sales and marketing and general management at Abbott Diagnostics.

Previous Investors

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    Brandmeyer Enterprises (Kansas City, MO) - Multi-billion family office with extensive medical device operating and investing expertise
    Unconfirmed
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    Heartland Angels (Chicago, IL) - angel investment group focused on healthcare and medical device investment opportunities
    Unconfirmed
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    Minnesota Gopher Angels (Minneapolis, MN) - angel investment group focused on healthcare and medical device investment opportunities
    Unconfirmed
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    Anonymous Angel (Ann Arbor, MI) - Anonymous 'super angel' with significant M&A operating expertise and extensive venture investing experience.
    Unconfirmed