Evolve Medical

What Evolve Medical does

Evolve Medical is a private outpatient interventional radiology and regenerative medicine practice founded in 2016 by Dr. Aaron Frodsham, a board-certified interventional radiologist with over 20 years of experience, in Salt Lake City, Utah. The clinic operates as Utah's first comprehensive outpatient interventional vascular clinic and delivers image-guided, minimally invasive procedures across vascular conditions (atherectomy, angioplasty, stent placement, varicose vein treatments), joint and musculoskeletal pain (including Genicular Artery Embolization), women's health (uterine fibroid embolization, pelvic congestion), men's health (prostate artery embolization, varicocele embolization), headache disorders, and a regenerative medicine program featuring the FDA-cleared LIBERTY MTX PRFM system, PRP, stem cell, and A2M injections. The practice also offers cash-pay aesthetics and sexual wellness services including Morpheus8 RF microneedling, FormaV vaginal rejuvenation, GAINSWave for erectile dysfunction, Botox, dermal fillers, and PRP hair restoration.

The underlying technology stack relies on third-party FDA-cleared medical devices (LIBERTY MTX 510(k) Class II, Morpheus8, GAINSWave, FormaV, SphenoCath) and image-guided catheter-based techniques performed under IV sedation rather than general anesthesia, enabling same-day discharge. The clinic is staffed by 14 employees including the founder physician, a clinical director (PA-C), and clinical/administrative support.

Evolve Medical generates revenue primarily through professional services billing for clinical procedures, accepting Medicare and standard private insurances (with pre-authorization) for covered vascular and joint procedures, while offering cash-pay options for out-of-network, uninsured, and elective patients in the regenerative, aesthetic, and sexual wellness categories. The go-to-market motion is direct-to-consumer via the company website, phone scheduling, online appointment requests, and a physician referral program. The practice is founder-owned with no institutional investors, parent company, subsidiaries, or M&A activity disclosed, and operates exclusively from a single location at 4624 S. Holladay Blvd Suite 202, Salt Lake City.

Name

Evolve Medical

Legal name

Evolve Medical

Website

https://evolve-med.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Evolve Medical is a private Salt Lake City outpatient interventional radiology and regenerative medicine practice founded in 2016, providing image-guided minimally invasive procedures across vascular, joint, women's, men's, headache, and aesthetic care to individual patients in Utah.

Ownership category

akta.pro rank

Product category

Interventional Radiology Services

NAICS

Offices of Physicians (6211), Offices of Other Health Practitioners (6213)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro industry

PRIMARYHLAHABAG

Interventional Radiology & Image-Guided Therapy Systems

Healthcare & Life Sciences/Medical Devices & Diagnostics/Medical Imaging & Radiology Equipment

SECONDARYHLAKALAM

Pain Management (Spine & Musculoskeletal)

Healthcare & Life Sciences/Specialist Medical Practice/Orthopedics & Sports Medicine

SECONDARYHLAKALAA

General Orthopedics

Healthcare & Life Sciences/Specialist Medical Practice/Orthopedics & Sports Medicine

Keywords

• Interventional radiology
• Minimally invasive procedures
• Regenerative medicine
• Vascular treatments
• Outpatient clinic

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Clinical Medical Services: Evolve Medical generates revenue through providing minimally invasive interventional medical procedures including vascular treatments, joint pain management, regenerative medicine, women's health, men's health, and aesthetic/cosmetic procedures. Most procedures are performed in-office with patients going home the same day.
2. Insurance Billing: The practice accepts most standard insurances including Medicare for covered procedures. Pre-authorization is obtained from insurance prior to procedures. Cash pay options are available for out-of-network patients or those without insurance.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Evolve Medical is a direct-to-consumer outpatient interventional radiology practice based in Salt Lake City, Utah that delivers minimally invasive, image-guided medical procedures. Its services span vascular conditions (atherectomy, angioplasty, stent placement, VenaSeal), joint and musculoskeletal pain (PRP, stem cells, genicular artery embolization), women's health (uterine fibroid and pelvic congestion embolization), men's health (prostate artery embolization, GAINSWave), headache disorders, regenerative medicine, and aesthetic/cosmetic treatments (Morpheus8, PRP facials, Botox, fillers, hair restoration). Most procedures are performed in-office with same-day discharge.

Product overview

Evolve Medical operates as a comprehensive interventional healthcare practice offering a multi-specialty portfolio of minimally invasive treatments. The core offering spans vascular conditions (atherectomy, angioplasty, stent placement, VenaSeal), joint pain and regenerative medicine (PRP, stem cells, A2M, LIBERTY MTX system), women's health (UFE, pelvic congestion treatment), men's health (PAE, varicocele embolization, GAINSWave), headache disorders, and aesthetic/cosmetic services. Key products include Morpheus 8 RF microneedling, FormaV vaginal rejuvenation, PRP therapies, Botox/Dermal fillers, and Genicular Artery Embolization for knee pain. The practice differentiates through image-guided, outpatient procedures performed by interventional radiologists, offering alternatives to traditional surgery with faster recovery times.

Differentiator

Problem solved

Functional benefit

Products and services

• Vascular Conditions Treatment Minimally invasive treatment for vascular disorders affecting veins and arteries, including peripheral arterial disease (PAD), chronic venous disease, varicose veins, and deep vein thrombosis. Services include atherectomy, angiography, angioplasty, stent placement, VenaSeal, ClosureFast, and ClariVein procedures.
• Joint Pain Treatment

Quantifiable outcome

• GAE typically achieves greater than 50% reduction in pain scores within 3 days
• +4 more outcomes

Named customers1 record

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• GAINSWave: Provider network offering shock-wave therapy for erectile dysfunction. Evolve offers GAINSWave therapy as part of its men's sexual wellness service line, making this a directly comparable procedure and patient demographic.
• Regenexx: National regenerative medicine clinic network offering PRP and stem cell therapies for orthopedic and joint conditions. Directly comparable to Evolve's regenerative medicine stack (PRP, A2M, bone-marrow stem cells) and joint-pain treatment focus.
• USA Vein Clinics: Outpatient clinic network specializing in varicose vein and venous disease treatment using minimally invasive, office-based procedures. Closely comparable to Evolve's vascular conditions offering and outpatient delivery model.
• RIA Endovascular: One of the largest dedicated outpatient interventional radiology and vascular practices in the U.S., operating multi-location IR clinics. Directly comparable to Evolve's outpatient interventional vascular clinic model and procedure mix (PAD, venous disease, embolization).
• Vein Clinics of America: National outpatient network providing minimally invasive vascular and vein treatments. Comparable to Evolve on the vascular/venous procedure mix, outpatient office-based delivery, and direct-to-consumer acquisition.
• SkinSpirit: Multi-location medical aesthetics clinic offering Morpheus8, Botox, fillers, and skin rejuvenation. Directly comparable to Evolve's wellness/aesthetic service line and consumer positioning.

Broad incumbents

• Medtronic: Global medical device leader with deep portfolios in interventional radiology, vascular, pain, and spine. Operates as a broad incumbent/ecosystem enabler for the procedures Evolve performs.
• Boston Scientific: Large medical device manufacturer of interventional radiology and vascular equipment (angioplasty, atherectomy, embolization devices). Adjacent/comparable as the upstream device vendor whose products enable Evolve's procedure mix.
• Cedars-Sinai Interventional Radiology: Hospital-based interventional radiology program covering the full IR procedure spectrum (vascular, embolization, pain). Comparable procedural capabilities but operates within a large academic medical center rather than an outpatient private practice.
• Hims & Hers Health: Direct-to-consumer telehealth and wellness platform offering men's sexual wellness (ED), hair restoration, and aesthetic treatments. Comparable in DTC men's wellness and aesthetic categories, though delivered via telehealth rather than in-office IR.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/612864912619835
• LinkedInlinkedin.com/company/evolvemedslc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Evolve Medical