Skyline Medical

What Skyline Medical does

Skyline Medical (NASDAQ: AIPT), formerly BioDrain Medical, is a US-based medical device company founded in 2002 and headquartered in Eagan, Minnesota. The company develops and markets the Streamway Automated Surgical Fluid Disposal System, a wall-mounted surgical fluid management device designed for installation in operating rooms and procedure rooms. The Streamway trademark is held by DeRoyal Industries, Inc., indicating a manufacturing or licensing relationship that underpins Skyline's commercialization of the product.

The Streamway system is a fully automated hardware platform that connects directly to a healthcare facility's existing plumbing infrastructure, providing unlimited fluid collection and disposal capacity as an alternative to traditional canister-based surgical fluid management. Technical components include an illuminated touch-screen interface for controlling surgical suction levels and displaying automated volume measurements, a single-patient procedure filter and tissue trap for cross-contamination prevention, and a rapid clean cycle for quick turnaround between procedures. The system is designed to eliminate biohazard fluid exposure for healthcare workers, reduce hazardous material disposal costs, and remove workflow interruptions caused by canister replacement during surgery.

Skyline Medical operates an enterprise field sales motion targeting acute care hospitals and ambulatory surgical centers, selling capital equipment plus recurring consumables (single-patient filters, tissue traps). Pricing is quote-based and not publicly disclosed, with multi-year contract structures typical of hospital capital procurement. The company has 11-50 employees and has historically funded operations through multiple small-to-mid equity rounds totaling roughly $20 million between 2004 and 2016, with the largest single raise being a $15 million round led by Dawson James Securities in August 2015. In August 2017, Skyline acquired CytoBioscience in a diversification move beyond the single-product Streamway portfolio. Leadership includes Josh Kornberg as President and CEO (also Interim Chairman), Bob Myers as CFO, David Johnson as COO, and Stephen Zastrow as VP of Sales.

Name

Skyline Medical

Legal name

DeRoyal Industries, Inc.

Website

https://skylinemedical.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

Skyline Medical (NASDAQ: AIPT), a US medical device company, develops and markets the Streamway automated surgical fluid disposal system for hospitals and surgical centers, replacing traditional canister-based fluid management with a direct-to-drain wall-mounted solution.

Ownership category

akta.pro rank

Product category

Medical Devices - Surgical Fluid Management

NAICS

Surgical Appliance and Supplies Manufacturing (339113)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Suction, Irrigation & Fluid Management Systems (HLAHADAK)

Keywords

• Surgical fluid disposal
• Medical waste management
• Surgical suction systems
• Operating room equipment
• Biohazard fluid removal

Headquarters

HQ city

Eagan

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Medical Device Hardware Sales: Sale of Streamway automated surgical fluid disposal systems to hospitals and surgical centers. The system is a capital equipment purchase with associated consumables (single patient procedure filters, tissue traps) for ongoing revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Skyline Medical designs, manufactures, and sells the Streamway® Automated Surgical Fluid Disposal System, a wall-mounted medical device installed in operating rooms and procedure rooms. The system automatically collects, measures, and disposes of suctioned surgical fluids through a direct-to-drain plumbing connection, eliminating traditional canister-based handling. Recurring consumables include single-patient procedure filters and tissue traps.

Product overview

The company's offering centers on a single core medical device: the Streamway® Automated Surgical Fluid Disposal System. This is a hardware-based surgical waste management solution that provides automated collection, measurement, and disposal of suctioned surgical fluids. The system is designed for installation in operating rooms and procedure rooms, connecting directly to existing plumbing infrastructure for unlimited capacity. Key components include a single patient procedure filter and tissue trap for cross-contamination prevention, along with an illuminated touch screen interface for operation control.

Differentiator

Problem solved

Functional benefit

Brands

• Streamway: Streamway® is an automated surgical fluid disposal system that disposes of unlimited amounts of suctioned fluid, providing uninterrupted performance for surgeons while decreasing healthcare workers' exposure to potentially infectious fluids.

Products and services

• Streamway® Automated Surgical Fluid Disposal System A fully automated surgical fluid disposal system that installs on or recessed into the operating room wall, connecting directly to the facility's existing plumbing to provide unlimited capacity for suctioned fluid collection, measurement, and disposal. Designed for use in operating rooms and procedure rooms in hospitals and surgical centers to replace canister-based fluid management.

Quantifiable outcome

• Eliminates canister replacement and disposal costs
• +4 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Stryker: Global medical device leader with a surgical equipment portfolio that includes suction and fluid management offerings used in operating rooms. Comparable because it competes for the same hospital surgical capex dollars and surgical-suite decision-makers targeted by Streamway, though it operates a vastly broader portfolio.
• Medtronic: One of the largest medical device companies, with surgical instruments and operating-room equipment that overlap with Streamway's fluid disposal use case. Comparable as a broad incumbent selling integrated solutions to the same hospital and surgical center buyers.
• Steris: Provides sterilization, surgical support, and infection prevention products to hospitals and surgical centers. Comparable as a broad incumbent serving the same perioperative workflow where Streamway is deployed, with overlapping channels into OR decision-makers.
• Becton, Dickinson and Company (BD): Global medical technology company with surgical instruments and hospital fluid management products. Comparable as a large incumbent offering overlapping OR consumables and capital products to the same hospital customers.
• Cardinal Health: Major distributor and manufacturer of medical and surgical supplies, including fluid management and OR consumables. Comparable because it reaches the same hospital buyers via both wholesale channels and direct relationships.

Direct peers

• CONMED: Specializes in surgical and critical care devices including suction and fluid management instrumentation for the operating room. Most directly comparable peer because its product line, customer base (hospitals and surgical centers), and clinical use case closely align with Streamway.
• Integra LifeSciences: Medical device company focused on surgical instruments, neurosurgery, and OR products. Comparable because it sells specialized surgical devices to hospitals and ambulatory surgical centers with a similar field-sales motion and use-case-driven value proposition.
• Aspen Surgical: Specialty surgical products company offering a range of OR consumables and fluid management adjacent devices to hospitals and surgical centers. Comparable as a focused surgical device peer with overlapping customer base and product category.

Emerging players

• Olympus Corporation: Surgical and endoscopy equipment provider with operating-room solutions that include fluid management in many procedural specialties. Comparable as a specialist in procedure-room equipment competing for the same surgical-suite footprint.
• Hologic: Medical technology company with surgical solutions for women's health and other specialties that often involve fluid-heavy procedures. Comparable as a procedural surgical device company whose installed base and sales motion overlap with Streamway's surgical center targets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/skyline_medical
• YouTubeyoutube.com/user/deroyalindustries
• Facebookfacebook.com/skyline-medical-inc-776997762365833
• LinkedInlinkedin.com/company/skyline-medical-inc
• Instagraminstagram.com/deroyalindustries

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds7 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skyline Medical