RENOVO Solutions

What RENOVO Solutions does

RENOVO Solutions is a privately held, Irvine, California-based provider of Healthcare Technology Management (HTM) and Life Sciences laboratory asset management services founded in 2009. The company serves hospitals, health systems, imaging centers, pharmaceutical and biotechnology firms, and academic/research facilities under two divisions: a Healthcare Technology Management division offering clinical engineering, clinical asset management, biomedical technician staffing, capital planning consulting, and medical device cybersecurity; and a Life Sciences division offering multi-vendor lab asset management, calibration/compliance services, lab IT, lab relocation, and sustainability services. Named enterprise customers in life sciences include Takeda, AstraZeneca, Vertex, Acceleron, and Coherus.

The technology backbone is the proprietary RENOVOLive CMMS (Computerized Maintenance Management System), a web-based platform providing complete transparency into equipment maintenance, service, financial, and lifecycle data across multi-fleet health system deployments. Complementary platforms include RENOVOSecure (medical device cybersecurity with AI-driven vulnerability discovery, real-time anomaly detection, passive network monitoring, and IEC 80001 compliance) and CE-IT Live (configuration and risk management for networked medical devices). The company's Integrated Systems Management (ISM) framework combines asset, risk, systems, and project management methodologies. Certifications include ISO 9001:2015, ISO 13485:2016, and ANAB ISO/IEC 17025 calibration laboratory accreditation.

RENOVO generates revenue through multi-year managed service contracts (custom negotiated, with guaranteed 10-20% cost savings versus prior-year audited expenses and 'no cause' cancellation options) complemented by recurring SaaS subscriptions for RENOVOLive. Go-to-market is direct enterprise field sales organized by region and business division, supported by strategic technology partnerships (Surgical Solutions, Censinet, Asimily, Glassbeam, Watt IQ, My Green Lab) and a national on-site service delivery model anchored from the Irvine headquarters with BioHub operations support in Cambridge and San Diego. A January 2022 growth investment from Water Street Healthcare Partners, paired with the appointment of Bill Newell as CEO, signaled an active scale-build phase. Headcount is in the 501-1000 range across the integrated U.S. footprint.

Name

RENOVO Solutions

Legal name

Renovo Solutions

Website

https://renovo1.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

RENOVO Solutions is a privately held, Irvine, California-based provider of Healthcare Technology Management and Life Sciences laboratory asset management services, serving U.S. hospitals, health systems, imaging centers, and pharmaceutical/biotech firms through managed service contracts powered by its proprietary RENOVOLive CMMS platform and supporting cybersecurity (RENOVOSecure) and IEC 80001 (CE-IT Live) software products.

Ownership category

akta.pro rank

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Technology Management (HTM) Services: Comprehensive clinical engineering, asset management, cybersecurity, and staffing services for healthcare providers. Revenue generated through managed service contracts, professional services, and service-level agreements. Services include biomedical technician staffing, clinical asset management, technology solutions, and consulting.
2. Life Sciences Laboratory Asset Management: Multi-vendor lab equipment maintenance, compliance services, technology/IT services, and relocation services for pharmaceutical, biotech, and research facilities. Delivered through service contracts (RENOVO Full Care, T&M Care, Vendor Contract Care) and professional services engagements.
3. Software/SaaS Subscriptions (RENOVOLive): Proprietary CMMS platform offered as SaaS with continuous development. Generates recurring subscription revenue from software access, hosting, and analytics features included in service contracts or standalone licensing.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

RENOVO Solutions provides Healthcare Technology Management (HTM) services and Life Sciences laboratory asset management to hospitals, health systems, imaging centers, pharmaceutical, biotech, and research facilities across the United States. Service offerings include on-site clinical engineering, biomedical technician staffing, clinical asset management, vendor-neutral capital planning, lab asset management, lab operations and compliance, lab relocation, and sustainability services, all delivered through a proprietary RENOVOLive CMMS platform and complemented by the RENOVOSecure medical device cybersecurity solution.

Product overview

RENOVO Solutions provides a comprehensive healthcare and life sciences asset management platform built around its proprietary RENOVOLive CMMS system. The core portfolio spans two divisions: Healthcare Technology Management (HTM) services including Clinical Engineering, Clinical Asset Management, RENOVOSecure Cybersecurity, Biomedical Staffing, and Capital Planning Consulting; and Life Sciences Laboratory services covering Lab Asset Management, Lab Operations and Compliance, Technology/IT Services, Lab Relocation, and Sustainability Practices. The offerings operate as an integrated suite where RENOVOLive serves as the central data platform connecting all service lines, while RENOVOSecure provides specialized medical device cybersecurity. Services are delivered through hybrid models combining on-site staff, remote monitoring, and proprietary software tools.

Differentiator

Problem solved

Functional benefit

Brands

• Renovo Life Sciences: Laboratory asset management and life sciences services division providing lab operations, compliance, technology, relocation, and sustainability services.
• RENOVOLive
• RENOVOSecure
• CE-IT Live

Products and services

• RENOVOLive Proprietary web-based Computerized Maintenance Management System (CMMS) providing comprehensive equipment maintenance tracking, financial analytics, benchmarking, and operational visibility for healthcare technology and laboratory assets, with multi-fleet visibility across health systems.
• RENOVOSecure Comprehensive medical device cybersecurity solution providing AI-driven inventory discovery, vulnerability assessment, real-time anomaly detection, passive network monitoring, policy management, risk mitigation, and forensic analysis for networked medical devices, achieving 96% device match rate and 75% reduction in remediation time.
• Clinical Engineering On-site clinical engineering and biomedical technician services including preventive and corrective maintenance, equipment calibration, regulatory compliance documentation, and capital planning support for medical equipment at hospitals and health systems.
• Clinical Asset Management Strategic medical equipment management program covering biomedical and diagnostic imaging equipment maintenance, asset optimization, lifecycle management, and service contract consolidation with guaranteed 10-20% cost savings versus prior year audited expenses.
• Biomedical Technician Staffing On-demand clinical engineering staffing service providing biomedical technicians and imaging engineers for health system support, training, and development needs.
• Healthcare Capital Planning and Consulting Vendor-neutral technology assessment, capital budget planning, equipment selection and procurement assistance, and professional services including project management and policy development for healthcare providers.
• Lab Asset Management Comprehensive laboratory equipment maintenance and asset management services including multi-vendor support, instrument repair, preventive maintenance, asset utilization optimization, and lifecycle management for pharmaceutical, biotech, and academic/research facilities, delivered through RENOVO Full Care, T&M Care, and Vendor Contract Care contracts.
• Lab Operations and Compliance Laboratory support services including calibration (IQ, OQ, PQ), method validation, regulatory compliance (GLP, GMP, 21 CFR Part 11, ISO), scientific support, and workflow optimization for life sciences organizations.
• Technology and IT Services (Life Sciences) Laboratory IT solutions including instrument utilization monitoring, data modeling, and integration with WattIQ IoT platform for asset optimization, condition monitoring, and CapEx/OpEx savings.
• Lab Relocation Services Comprehensive laboratory relocation planning and execution service using a 5-phase methodology covering communication, planning, logistics, execution, and post-move quality assurance for life sciences organizations.
• Laboratory Sustainability Practices and Services Sustainability solutions including My Green Lab Ambassador Program certification, freezer challenge programs, predictive maintenance for energy optimization, and ESG alignment support for life sciences laboratories.

Quantifiable outcome

• Reduce annual service costs by 10-20% versus prior year audited expenses
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Surgical SolutionscoreStrategic or Co-development Partner · 16 October 2025Strategic partnership to enhance OR (Operating Room) and SPD (Sterile Processing Department) performance nationwide. Combines RENOVO's HTM expertise with Surgical Solutions' specialized capabilities to deliver comprehensive service offerings for healthcare delivery organizations.
• CensinetcoreTechnology or IntegrationPartnership to reduce cybersecurity risk of medical devices and Healthcare IoT. Integrates Censinet's risk assessment and mitigation platform with RENOVO's managed security service program for comprehensive medical device protection.
• AsimilycoreTechnology or IntegrationIntegration of Asimily's medical device security platform into RENOVO's award-winning medical device managed security service program. Provides advanced vulnerability detection and risk management for networked medical devices.
• My Green LabminorStrategic or Co-development PartnerPartnership for laboratory sustainability through My Green Lab Ambassador Program certification. RENOVO staff trained and certified as My Green Lab Ambassadors to support green lab principles and sustainability best practices at client sites.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Avantor: Avantor supplies products and services to life sciences and healthcare labs, including equipment maintenance and lab support services. It is a direct peer to RENOVO's Life Sciences Laboratory Asset Management division for pharma and biotech customers.
• Agiliti: Agiliti (formerly Universal Hospital Services) provides medical equipment management, rental, and clinical engineering services to US hospitals. It overlaps directly with RENOVO's clinical asset management and biomedical service offerings for healthcare providers.
• Crothall Healthcare (Compass Group): Crothall Healthcare's Healthcare Technology Management division provides clinical engineering and asset management services to hospitals, competing head-to-head with RENOVO for HTM contracts and biomedical staffing engagements.
• TRIMEDX: TRIMEDX is a US-based independent clinical engineering and HTM services provider serving hospitals and health systems. It is the closest direct peer to RENOVO's Healthcare Technology Management business, competing for similar multi-vendor equipment service contracts and biomedical technician staffing engagements.
• Sodexo Healthcare Technology Management: Sodexo's HTM segment delivers clinical engineering, asset management, and biomedical services to healthcare providers globally, including in the US. It is a direct competitor in the outsourced HTM market that RENOVO targets.

Emerging players

• Claroty: Claroty (which acquired Medigate) is a leading medical device and IoT cybersecurity platform. It is an emerging competitor (and adjacent ecosystem player) to RENOVOSecure for medical device cybersecurity budgets in hospitals and health systems.

Broad incumbents

• Royal Philips: Philips provides medical imaging equipment, monitoring, and related service contracts. It is an incumbent OEM service provider whose contracts RENOVO frequently consolidates under its vendor-neutral HTM model.
• Siemens Healthineers: Siemens Healthineers is a global medical imaging and diagnostics OEM with significant service-contract and asset-management offerings. It competes with RENOVO on imaging service contracts (e.g., linear accelerators, CT, MR) that RENOVO often consolidates on behalf of hospitals.
• Thermo Fisher Scientific: Thermo Fisher Scientific sells lab instruments and offers multi-vendor service plans and asset management for life sciences customers. It is a broad incumbent competitor to RENOVO's life sciences lab asset management business.
• GE HealthCare: GE HealthCare is a major OEM that also sells equipment service contracts, biomedical staffing, and digital solutions to hospitals. It competes with RENOVO on the OEM-service side and is one of the vendors RENOVO displaces via its vendor-neutral positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/renovo-solutions

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about RENOVO Solutions