Codonics
- Company typePrivate
- Founded1982
- HeadquartersCleveland, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Codonics firmographics
Firmographics- Name
- Codonics
- Legal name
- Codonics
- Website
- https://codonics.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Codonics industry classification
Industry- Product category
- Medical Device Medication Safety Systems
- NAICS
- Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113), Analytical Laboratory Instrument Manufacturing (334516), Medical Equipment and Supplies Manufacturing (3391)
- SIC
- Surgical & Medical Instruments & Apparatus (3841), Laboratory Analytical Instruments (3826)
- akta.pro primary industry
- Medication Safety, Pharmacovigilance & Adverse Event Reporting IT (HLACAKAK)
- akta.pro secondary industries
- Pharmaceutical Labels & Patient Information Packaging (Labels, IFUs, Booklets) (IMALAIAK), Safety/Pharmacovigilance (PV) & Clinical Safety Systems (HLACAOAH), Medication Adherence, Packaging & Fulfillment Services (Blister/Unit-Dose) (HLAFALAJ)
Keywords
Where Codonics is headquartered
LocationHeadquarters
- HQ city
- Cleveland
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Codonics business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Safe Label System (SLS) Hardware Sales: Sale of SLS 550i and SLS 600i medication labeling systems and SLS-WAVE scanners to hospitals. Hardware includes Point of Care Stations deployed at point of care in ORs, integrated with anesthesia carts. Revenue from initial hardware purchase plus ongoing consumables (ink cartridges and label rolls).
- SLS Administration Tool Software Licenses: Software licensing for the Administration Tool (AT) which provides formulary management capabilities. Includes user roles and privileges for Administrator, Super User, Pharmacist, Pharmacy Tech, and BioMed.
- Consumables (Ink Cartridges and Labels): Ongoing revenue from consumables: multi-color ink cartridges (lasting approximately one month depending on usage) and label rolls (1,000 labels per roll). Labels are specially engineered with plastic base and special adhesive meeting medical guidelines.
- Safe Waste System (SWS): Sale of SWS controlled substance waste management system (FDA Class I Exempt) and associated disposable waste tanks. Disposable tanks hold weeks to months of waste depending on volume. Expected release Q4 2026.
- Professional Services and Training: Implementation services, on-site training by Codonics personnel or certified representatives, and online training videos for on-demand learning and onboarding.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Codonics product offering
Product offeringCore offering
Codonics develops, manufactures, and sells FDA-cleared medical hardware and software for medication safety in perioperative and procedural healthcare settings. Its core offering is the Safe Label System (SLS) platform — including the SLS 550i and SLS 600i label printers, the SLS-WAVE hands-free scanner, and the SLS Administration Tool pharmacy formulary software — which uses barcode scanning and full-color printing to verify medications and produce TJC- and ISMP-compliant syringe labels. The company also sells the Safe Waste System (SWS) spectrophotometer for controlled substance waste management and a legacy portfolio of radiology imaging products (Horizon imagers, Virtua disc publishers, and consumables).
Product overview
Codonics is a healthcare technology company offering a portfolio of medication safety and radiology imaging products. The core offering is the Safe Label System (SLS) platform, which includes the SLS 550i and SLS 600i hardware devices, the SLS Administration Tool (AT) pharmacy software, and the SLS-WAVE hands-free scanner. These products work together to provide barcode-verified medication labeling at preparation and hands-free documentation at administration in perioperative settings. The complementary Safe Waste System (SWS), expected Q4 2026, extends the workflow to controlled substance waste management and reconciliation at point of care. Codonics also offers legacy radiology imaging products including Horizon multi-media imagers, Virtua medical disc publishers, and related solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Safe Label System® (SLS): Award-winning medication labeling solution that provides visual and audible drug verification and prints TJC-compliant syringe labels for perioperative settings.
- SLS Administration Tool (AT)
- SLS-WAVE™
- Safe Waste System™ (SWS)
Products and services
- Safe Label System (SLS) FDA Class II medication safety system that uses barcode scanning to read drug containers and prints full-color TJC-compliant syringe labels at the point of preparation. Provides visual and audible verification of medications, eliminating handwritten labels in the OR, ICU, patient floors, and pharmacy.
- SLS 550i Hardware model within the Safe Label System family featuring Gigabit Ethernet (1000Base-T) connectivity, providing visual and audible medication verification and full-color TJC-compliant syringe label printing at point of preparation in perioperative settings.
- SLS 600i Advanced Safe Label System model pre-wired for RFID read/write upgrade, reading GS1 DataMatrix and 1D barcodes and providing expiration dates, lot numbers, and NDCs to Epic, Cerner, and other AIMS/EHR systems for track-and-trace from manufacturer to patient.
- SLS Administration Tool (AT)
Quantifiable outcome
- Over 2.1 million medication errors prevented through SLS use
- +6 more outcomes
Companies that use Codonics
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles2 records
Codonics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
Feature7 records
Codonics partnerships and signals
Strategic signalScale indicators12 records
Recent moves6 records
Expansion highlights6 records
Codonics competitors and assessment
Company assessmentBroad incumbents
- BD (Becton, Dickinson and Company): BD is a global medical technology company that owns the Pyxis anesthesia drug cart line, which integrates with Codonics SLS. BD Alaris smart infusion pumps are also integrated with SLS, making BD both a critical integration partner and the broadest incumbent in medication management and infusion safety.
- Omnicell: Omnicell is a leading provider of medication management solutions, including the Omnicell AWS (Anesthesia Workstation) which directly integrates with Codonics SLS. Omnicell competes and partners in the same perioperative medication safety category, with a broader portfolio spanning pharmacy automation and diversion monitoring.
- ICU Medical: ICU Medical is a major manufacturer of smart infusion pumps and IV safety devices, with their pumps integrated into the Codonics SLS closed-loop medication safety workflow. ICU Medical competes in the OR infusion safety space and is a key interoperability partner.
- B. Braun Medical: B. Braun manufactures the Spectrum IQ smart infusion pump, which Codonics SLS integrates with for bidirectional pump/EHR documentation in the OR. B. Braun is a broader medical device incumbent operating in infusion therapy, drug delivery, and clinical workflow solutions.
- Epic Systems: Epic's Anesthesia Information Management System (AIMS) is the leading EHR that Codonics SLS-WAVE integrates with for hands-free medication administration documentation. While not a direct competitor, Epic's continued build-out of perioperative medication safety features shapes Codonics' integration roadmap and competitive risk.
- Oracle Health (formerly Cerner): Oracle Health's Cerner AIMS/EHR is the second major integration partner for Codonics SLS-WAVE. As a dominant hospital EHR, Cerner/Oracle shapes the medication safety IT landscape and represents both an integration enabler and a potential platform competitor.
Direct peers
- Intelliguard (formerly MEPS Real-Time): Intelliguard provides RFID-enabled medication management solutions for the OR, including the Mira Care anesthesia cart, which integrates with Codonics SLS. Intelliguard is a direct peer in automated anesthesia medication workflow and inventory management.
- DoseEdge (Baxter International): Baxter's DoseEdge is a pharmacy workflow management system that competes with Codonics SLS Administration Tool (AT) for centralized formulary and IV compounding workflow control. Baxter is also a broader medical device incumbent in IV and infusion therapy.
Emerging players
- Kit Check: Kit Check (now Bluesight) provides medication kit management and diversion monitoring solutions for hospitals, intersecting with Codonics' controlled substance waste and reconciliation workflows via its SWS product line. It is an emerging player in pharmacy-centric medication safety analytics.
Others
- GE HealthCare: GE HealthCare is a broad incumbent in hospital equipment and medical imaging, intersecting with Codonics' legacy radiology imaging product line (Horizon multi-media imagers). GE is adjacent to Codonics' core SLS business but relevant as a peer across the broader medical device portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Codonics social profiles
Digital presenceCodonics compliance and trust
Trust signalCompliance7 records
Codonics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Codonics leadership team
Management profileNumber of profiles
Profiles8 records
Codonics subsidiaries and ownership
Company hierarchySubsidiaries2 records
Codonics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Codonics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Codonics
What does Codonics do?
Codonics develops, manufactures, and sells FDA-cleared medical hardware and software for medication safety in perioperative and procedural healthcare settings. Its core offering is the Safe Label System (SLS) platform — including the SLS 550i and SLS 600i label printers, the SLS-WAVE hands-free scanner, and the SLS Administration Tool pharmacy formulary software — which uses barcode scanning and full-color printing to verify medications and produce TJC- and ISMP-compliant syringe labels. The company also sells the Safe Waste System (SWS) spectrophotometer for controlled substance waste management and a legacy portfolio of radiology imaging products (Horizon imagers, Virtua disc publishers, and consumables).
Is Codonics a public or private company?
Codonics is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Codonics founded?
Codonics was founded in 1982. It employs 101 to 250 people.
Where is Codonics based?
Codonics is headquartered in Cleveland, United States, in the North America region.
How does Codonics make money?
Five revenue lines are on record. Safe Label System (SLS) Hardware Sales are the primary driver. The others are SLS Administration Tool Software Licenses, consumables (Ink Cartridges and Labels), safe Waste System (SWS) and professional Services and Training.
Who are Codonics's main competitors?
Broad incumbents on record are BD (Becton, Dickinson and Company), Omnicell, ICU Medical, B. Braun Medical, Epic Systems and Oracle Health (formerly Cerner). Direct peers are Intelliguard (formerly MEPS Real-Time) and DoseEdge (Baxter International). Kit Check is listed as an emerging player. GE HealthCare is listed as an others.
Does Codonics have an API?
No public API is recorded for Codonics.
What industry is Codonics in?
Codonics's product category is Medical Device Medication Safety Systems. Its primary akta.pro industry code is HLACAKAK, Medication Safety, Pharmacovigilance & Adverse Event Reporting IT, with a secondary code of IMALAIAK, Pharmaceutical Labels & Patient Information Packaging (Labels, IFUs, Booklets). Its NAICS code is 339112 and its SIC code is 3841.