Zoe Medical

What Zoe Medical does

Zoe Medical, Incorporated is a privately held US medical device company founded in 1996 and headquartered in Topsfield, Massachusetts. It designs and manufactures patient monitoring systems under the Nightingale brand, including the PPM3 bedside monitor, PHM spot-check monitor, MPC multi-patient central station, and the 740SELECT configurable vital signs monitor. The underlying platform combines Microsoft Windows and Azure cloud components with proprietary physiological signal acquisition circuitry, signal processing algorithms, and medical user-interface applications, and the company holds registered patents in those three technology areas.

The company operates a hybrid business model. It sells its own-label monitors directly at factory-direct prices to healthcare providers in outpatient surgery, physician offices, EMS, general care floors, and centralized hospital monitoring settings, supported by FDA registration, 510(k) experience, and CE Mark certification. In parallel, Zoe licenses its technology and provides design services to other medical device companies, delivering sub-assemblies, turnkey systems, or full platforms with regulatory traceability for OEMs that include Welch-Allyn, Spacelabs, Midmark, Mortara, and Schiller.

Zoe Medical is majority employee-owned, self-sustaining from operating cash flow, and discloses tens of thousands of installed units globally. The company is led by founder and CEO Bengt Hermanrud PhD, a former Siemens Medical Group VP of R&D, alongside a senior engineering team with 25+ years of continuous collaboration across Siemens, Hewlett-Packard, IBM, and Motorola. Management has publicly indicated openness to discussions with a potential strategic partner to accelerate growth.

Name

Zoe Medical

Legal name

Zoe Medical, Incorporated

Website

https://zoemedical.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Zoe Medical is a US-based, employee-owned medical device company that designs and manufactures Nightingale-branded patient monitoring systems (bedside, spot-check, central station, and EMS monitors) and provides OEM design services to tier-1 monitoring OEMs such as Welch-Allyn, Spacelabs, and Schiller.

Ownership category

akta.pro rank

Product category

Patient Monitoring Systems

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Surgical & Medical Instruments & Apparatus (3841), Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Vital Signs Monitoring (Multi-parameter, Spot-Check & Continuous) (HLAHACAA)

akta.pro secondary industries

Clinical-Grade Vital Signs Monitoring (ECG, SpO2, BP, Temp, Respiration) (HLACAPAI), Connected Medical Devices & Wearables (Sensors, Patches, Implantables) (HLACAPAB), Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG)

Keywords

• Patient monitoring systems
• Vital signs monitors
• Medical device manufacturing
• Physiological signal processing
• OEM medical design services

Headquarters

HQ city

Topsfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Patient Monitor Sales: Zoe Medical designs, builds and sells patient monitoring systems under their own name, distributing monitors and monitoring systems with their own label at factory direct prices
2. Design Services: Licensing technology to other companies in the form of design services. Zoe provides sub-assemblies, turn-key systems, or platforms upon which a company's application can run. Services include signal acquisition and processing, industrial design, system architecture, integration of 3rd party modules, regulatory testing, and in-house manufacturing with regulatory traceability
3. Technology Licensing: License technology to other companies, allowing them to sell customized versions of Zoe's products under their own name

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Zoe Medical designs, manufactures, and sells patient monitoring systems under its own Nightingale brand, including bedside monitors (PPM3), spot check monitors (PHM), a multi-patient central station (MPC), and a configurable vital signs monitor (740SELECT). In parallel, the company provides OEM design services, licensing its proprietary physiological signal acquisition circuitry, signal processing algorithms, and user interface applications to other medical device companies as sub-assemblies, turn-key systems, or platforms.

Product overview

Zoe Medical offers a portfolio of patient monitoring systems under the Nightingale brand, including the PPM3 bedside monitor, PHM spot check monitor, and MPC central station. The company also provides the 740SELECT versatile vital signs monitor. These products form an integrated ecosystem where the MPC central station connects to multiple PPM3 bedside monitors for multi-patient surveillance, while the PHM serves physician office environments with integrated patient education. All monitors support core vital signs parameters (ECG, SpO2, NIBP, temperature, CO2) with various configuration options for different clinical settings including outpatient surgery, EMS, and physician offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Nightingale PPM3 Patient Monitor Compact bedside patient monitor providing non-invasive vital signs monitoring including 3- or 5-lead ECG, pulse oximetry, blood pressure, respiration (CO2 or impedance), and temperature, with optional invasive pressure monitoring. Designed for outpatient and oral surgery settings with EMR connectivity.
• Nightingale PHM Patient Monitor Compact spot check monitor combining hospital-grade vital signs measurement (ECG, blood pressure, pulse oximetry, temperature, weight) with a patient education display and Quick ECG thumb pads for physician office and exam room use.
• Nightingale MPC (Multi-Patient Console) Central monitoring station serving as the hub of the Nightingale Monitoring System, connecting to a network of PPM3 bedside patient monitors and enabling clinicians to view information from up to 64 patients simultaneously with alarm surveillance, trending, and reporting.
• 740SELECT Patient Monitor Highly configurable vital signs monitor supporting ECG, SpO2, NIBP, temperature, CO2, and Masimo Rainbow Parameters (SpCO, PVI, RRa) for diverse patient care settings including general care floors, ED, ventilator management, and outpatient settings.
• 740SELECT EMS Carry Case Rugged protective carry case for the 740SELECT monitor, designed for EMS and mobile monitoring applications with complete access to the device and storage for accessories.
• OEM Patient Monitoring Design Services Design services for other medical device companies to license Zoe's patient monitoring technology as sub-assemblies, turn-key systems, or platforms upon which the customer's application can run. Includes signal acquisition and processing, industrial design, system architecture, integration of 3rd party modules, regulatory testing, and in-house manufacturing with regulatory traceability.

Quantifiable outcome

• 3-year full warranty on PPM3 product
• +3 more outcomes

Named customers5 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

Integration10 records

Feature6 records

Partnerships

Six partnerships are on record, tiered major and core.

• Welch-AllynmajorOEM/ Whitelabel/ Licensing PartnerZoe Medical provided design services to Welch-Allyn, one of the world's most well-respected patient monitoring companies. Welch-Allyn utilized Zoe's design platform for their monitoring products.
• SpacelabsmajorOEM/ Whitelabel/ Licensing PartnerZoe Medical provided design services to Spacelabs Healthcare. Spacelabs utilized Zoe's design platform and technology for their patient monitoring solutions.
• MidmarkmajorOEM/ Whitelabel/ Licensing PartnerZoe Medical provided design services to Midmark, a major player in the patient monitoring field. Midmark leveraged Zoe's design capabilities for their products.
• MortaramajorOEM/ Whitelabel/ Licensing PartnerZoe Medical provided design services to Mortara Instrument. Mortara utilized Zoe's design platform and signal processing technology.
• SchillermajorOEM/ Whitelabel/ Licensing PartnerZoe Medical provided design services to Schiller, a leading patient monitoring company. Schiller utilized Zoe's design services and technology platform.
• Strategic Partners (Open to Discussions)coreStrategic or Co-development PartnerZoe Medical states they are always open to discussions with potential strategic partners. The company is privately-owned and self-sustaining, but actively seeking strategic partnerships for growth.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Masimo: Parameter-technology leader (SpO2, Rainbow SET, capnography) that Zoe integrates via Masimo ISA/IRMA/Rainbow modules. Adjacent competitor as Masimo expands into full bedside monitoring and connectivity platforms.
• Philips Patient Monitoring: Global incumbent with IntelliVue bedside monitors and central stations across the full acuity spectrum. Competes with Zoe at the high-acuity end and indirectly across most of Zoe's clinical segments.
• GE Healthcare Patient Monitoring: Major incumbent offering CARESCAPE bedside monitors and central stations with deep enterprise integration. Competes broadly with Zoe in hospital and ambulatory settings.

Direct peers

• Nihon Kohden: Japan-based specialist in patient monitoring (bedside monitors, central stations, ECGs) with strong US footprint. Overlaps directly with Zoe's Nightingale PPM3 and MPC central station in vital signs and multi-patient surveillance.
• Mortara Instrument: Cardiac diagnostics and patient monitoring specialist (now part of Hillrom/Baxter). Listed as a Zoe OEM customer and overlapping competitor in ECG and vital signs monitoring.
• Midmark: Major player in outpatient, dental, and ambulatory patient monitoring. Listed as a Zoe OEM/design services customer and competes in the physician office and outpatient surgery segments.
• Mindray: Global manufacturer of multi-parameter patient monitors (e.g., BeneVision, ePM series) for EMS, outpatient, and hospital settings. Competes head-to-head with Zoe's 740SELECT and PPM3 on price and feature set, and similarly integrates Masimo and third-party parameter modules.
• Spacelabs Healthcare: Designer of patient monitoring and clinical informatics solutions. Listed as a Zoe OEM partner and a direct competitor in bedside monitoring and central station products.
• Schiller: Swiss manufacturer of patient monitoring, ECG, and defibrillation products. Listed as a Zoe design services customer and a direct competitor in the same vital signs and EMS categories.
• Welch Allyn: Vital signs and physical assessment devices (now part of Hillrom/Baxter). Listed as a Zoe design services customer and competes in physician office spot-check vitals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/zoe-medical-incorporated

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Zoe Medical