Default company panoramic image

Newman Medical

Newman Medical is seeking to fund national expansion through distributors. We have established products, sales team, and sales channels.

  • Stage $500K in TTM Revenue
  • Industry Medical Devices and Equipment
  • Location Chicago, IL, USA
  • Currency USD
  • Founded January 2005
  • Employees 5
  • Website

Company Summary

Newman Medical manufactures ultrasound medical devices for use in the obstetrical and vascular marketplaces. Recently Newman Medical received FDA clearance on a unique PC-based tool for diagnosing PAD-a prevalent disease affecting 8-20 million Americans


  • Default avatar
    Spencer Newman

    Received his BA in economics from Hamilton College and his BS in electrical engineering from Rensselaer Polytechnic Institute before going to work in manufacturing integration of new product development for Lucent Technologies from 1998-2001. He has an MBA and Masters of Manufacturing from Kellogg School of Business at Northwestern University. Since 2004 he has been responsible for overseeing day to day operations.

  • Default avatar
    Dennis Newman
    VP Sales & Marketing

    Dennis Newman founded Imex Medical Systems, the leading domestic manufacturer of handheld ultrasound systems. For more than twenty years, until its acquisition by Nicolet Biomedical in 1997, Dennis was CEO and oversaw all strategic decisions within the organization. Afterwards he founded and was Chairman of the Vascular Disease Foundation, a non-profit patient education foundation, until resigning in 2008.

Previous Investors

  • Default avatar
    Private Individual
    Default avatar
    Strategic Partner