Altivera Medical

What Altivera Medical does

Altivera Medical is a U.S. medical technology company that designs, distributes, and fulfills prescription-based non-invasive medical devices for pain management, rehabilitation, and orthopedic recovery. Its portfolio spans three technology pillars: electrotherapy devices (the NexWave 3-in-1 IFC/TENS/NMES platform, the M-Wave NMES unit, and the InWave pelvic floor stimulator); orthopedic bracing and traction (LSO back braces in multiple configurations, TLSO dual-pulley bracing, OA knee offloading braces, wrist and post-op knee braces, and the Saunders/ComforTrac cervical traction systems); and hot/cold compression therapy (CryoHeat and DynaComp). Devices are FDA-registered, supported with multi-year warranties, and distributed under HIPAA-compliant operations from its Englewood, Colorado headquarters and warehouse.

The company sells almost exclusively through a prescription-gated, insurance-billed durable medical equipment (DME) model: physicians and physical therapists fax orders, the company verifies insurance coverage, ships the device directly to the patient's home, and bills Medicare, Medicaid, TRICARE, or commercial payors. Recurring monthly revenue comes from replenishment of consumables (electrodes, batteries, lead wires) confirmed patient-by-patient. Pricing is not publicly disclosed; patients are responsible only for deductibles and coinsurance per their Explanation of Benefits. Distribution is U.S.-only, with no international footprint disclosed.

Altivera Medical Holdings, LLC acquired the operating business of Zynex, Inc. on March 27, 2026 through a U.S. Bankruptcy Court-approved Chapter 11 restructuring that took the entity private, resolved pending federal investigations via a non-prosecution agreement, restored TRICARE payment eligibility, and added a Humana in-network agreement covering Medicare Advantage and Medicaid plans across multiple states. The company is led by CEO Steven Dyson and a reconstituted Board of Directors chaired by Jake Mercer, and is currently transitioning products and entities to the Altivera Medical brand.

Name

Altivera Medical

Legal name

Altivera Medical, Inc.

Website

https://altiveramedical.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Altivera Medical is a U.S. medical device company that designs and distributes prescription-based non-invasive electrotherapy, orthopedic bracing, and hot/cold compression devices for pain management and rehabilitation, sold direct-to-patient through a DME channel billed to Medicare, Medicaid, TRICARE, and commercial insurers.

Ownership category

akta.pro rank

Product category

Pain Management and Rehabilitation Medical Devices

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical Appliance and Supplies Manufacturing (339113), Surgical and Medical Instrument Manufacturing (339112)

SIC

Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Electromedical & Electrotherapeutic Apparatus (3845), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Rehabilitation Therapy Equipment (PT/OT Modalities, Exercise & Balance Devices) (HLAHAMAG)

akta.pro secondary industries

Orthopedic Trauma & Extremities Fixation (Plates/Screws/Nails/External Fixation) (HLAHAEAB), Hand & Upper Extremity (HLAKALAF), Orthopedic & Musculoskeletal Rehab In-Home (HSABADAF)

Keywords

• Pain management devices
• Electrotherapy medical devices
• Orthopedic bracing solutions
• Rehabilitation equipment
• Non-invasive therapy devices

Headquarters

HQ city

Englewood

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical Device Sales: Prescription-based electrotherapy devices (NexWave, M-Wave, InWave) and orthopedic braces (LSO, TLSO, knee braces, wrist braces) sold to patients with valid prescriptions. Company invoices insurance; patients responsible for deductible/coinsurance per EOB.
2. Monthly Supply Replenishment: Monthly shipment of consumable supplies including electrodes, batteries, and lead wires. Supplies billed to insurance companies. Company contacts patients monthly to confirm need for additional supplies.
3. Self-Pay/Retail Transactions: Direct patient purchases for those without insurance coverage or choosing not to bill insurance. Subject to 10% restocking fee on returns within 30 days.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Altivera Medical develops and distributes FDA-registered, non-invasive medical devices for pain management, electrotherapy, orthopedic bracing, and rehabilitation. Products include the NexWave multi-therapy system, M-Wave neuromuscular stimulator, InWave pelvic floor device, lumbar and thoracolumbar braces, osteoarthritis knee braces, and hot/cold compression systems. Devices are sold primarily via prescription through healthcare providers, with insurance billing infrastructure and monthly consumable supply replenishment.

Product overview

Altivera Medical is a MedTech company offering a comprehensive portfolio of FDA-registered non-invasive medical devices for pain management, rehabilitation, and recovery. The product portfolio centers on three main technology categories: (1) Electrotherapy devices including NexWave (3-in-1 IFC/TENS/NMES), M-Wave (NMES), and InWave (pelvic floor stimulation); (2) Orthopedic bracing solutions including LSO back braces (627/637/Hybrid), TLSO brace, OA Knee Brace, Wrist Brace, and Post-Op Knee Brace; and (3) Hot/Cold therapy and traction devices including CryoHeat, DynaComp compression therapy, Saunders Cervical Traction, and ComforTrac CT. Products are distributed through healthcare providers and billed to insurance, with patients accessing devices via prescription through a clinic ordering process.

Differentiator

Problem solved

Functional benefit

Brands

• Zynex NexWave: Prescription only 3-in-1 modality device combining IFC, TENS, and NMES electrotherapy for pain relief and muscle rehabilitation.
• Zynex Pro LSO Braces
• Zynex Pro TLSO Brace
• Zynex Pro OA Knee Brace
• Zynex Pro Wrist Brace
• Zynex Pro Post-Op Knee Brace
• Zynex CryoHeat
• Zynex DynaComp
• M-Wave
• InWave
• Saunders Cervical Traction
• ComforTrac CT

Products and services

• NexWave Multi-Therapy System Prescription-only 3-in-1 modality device combining IFC (Interferential Current), TENS (Transcutaneous Electrical Nerve Stimulation), and NMES (Neuromuscular Electrical Stimulation) in a single device for pain management and muscle rehabilitation. Features treatment timer (10-90 minutes), compliance meter recording total usage, 5-year warranty, weighs 5.8 oz with dimensions 2.9 x 4.6 x 1.0 in.
• M-Wave Neuromuscular Electrical Stimulator Easy-to-use Neuromuscular Electrical Stimulator (NMES) delivering precise electrical stimulation for muscle activation and rehabilitation. Includes safety features such as electrode alarm, level locking, and guaranteed constant current. Fully programmable, battery-powered with biphasic or monophasic waveforms, adjustable treatment timer, and compliance meter.
• InWave Pelvic Floor Stimulator Pelvic floor stimulation device delivering non-surgical, drug-free electrical therapy to strengthen pelvic muscles and support treatment of stress, urge, and mixed urinary incontinence. Includes 3 programmed modes (Stress, Urge, Mixed) plus 9 pre-programmed modes, with built-in treatment timer and large backlit display.
• Altivera Pro LSO Back Braces (627, 637, Hybrid) Advanced lumbar-sacral orthosis family providing stabilization and support for low back pain. Includes 627 LSO (low profile), 637 LSO (tri-planar support with 6-in-1 pulley design), and Hybrid LSO (3-in-1 universal design for post-operative patients), providing compression and motion restriction for low back conditions.
• Altivera Pro TLSO Brace Dual-purpose thoracolumbosacral orthosis providing mid and lower spine support from T9 to S1 with dual pulley system and telescoping mechanism. Designed for patients with hand strength limitations, offering rotational stability and neutral spine alignment with adjustable chest strap.
• Altivera Pro OA Knee Brace Osteoarthritis unloading brace that offloads medial or lateral compartment for patients with mild to moderate unicompartmental osteoarthritis. Features single upright hinge design, lightweight and low-profile at 14 inches tall, universally sized for left or right knee with easy-release push button clips.
• Altivera Pro Wrist Brace Multipurpose upper extremity orthosis providing hand and wrist support for carpal tunnel syndrome, tendonitis, wrist immobilization, and post-operative recovery. Available in Small and Large sizes with ambidextrous design.
• Post-Op Knee Brace Post-surgical knee brace providing protected, controlled range-of-motion (ROM) for patients recovering from knee surgery or injuries. Features telescoping struts, tool-free adjustments, and flexion/extension settings at 0, 15, 30, 45 degrees.
• Saunders Cervical Traction Device Cervical traction device providing safe and effective home traction replicating clinical treatments. Features adjustable angles of incline (15, 20, 25 degrees) with traction forces directed to the back of the head to prevent TMJ compression.
• ComforTrac CT Cervical Traction Portable home cervical traction unit with 50 lbs maximum force, 10/15/20 degree incline angles, memory foam headrest, push-of-a-button quick release pump, and patented pneumatic system for reliable force accuracy.
• CryoHeat Hot/Cold Therapy System Hot and cold therapy device delivering localized cold or hot water fluid therapy for post-operative pain and arthritic pain. Includes Universal Therapy Pad (11x11), reusable ice cubes, 9-quart tank, insulated tubing, double wall insulation. Features 60-minute timer, LO/HI heat settings, auto shut-off, and anti-interference device.
• DynaComp Cold Compression System Cold compression device combining intermittent compression and cold gel therapy for targeted pain and swelling relief. Features five pressure levels (20-100mmHg), 12 time settings (10-120 minutes), built-in battery supporting 8 hours of use, and wraps for back, shoulder, hip, knee, and foot.

Quantifiable outcome

• Over 50 million Americans impacted by pain management cost burden
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

One partnership is on record.

• Zynex, Inc. (Acquisition)coreOthers · 27 March 2026Altivera Medical Holdings, LLC acquired Zynex, Inc. in a U.S. Bankruptcy Court-approved deal completing Zynex's Chapter 11 restructuring. The acquisition resolved pending government investigations, reduced and reorganized debts, and provided new capital infusion. Zynex operates as a private subsidiary with products transitioning to Altivera Medical brand by March 31, 2026. Current management under CEO Steven Dyson continues leading daily operations.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Breg: Specialized orthopedic bracing and cold therapy company offering premium knee braces, post-op braces, and cold compression devices. Directly competes with Altivera's bracing portfolio and DynaComp cold compression products in the U.S. provider and patient market.
• Chattanooga Group (DJO/Enovis): Leading brand in electrotherapy, ultrasound, and rehabilitation equipment for physical therapy clinics. Directly competes with Altivera's NexWave, M-Wave, and InWave devices in the professional and patient electrotherapy market.
• Össur: Global leader in non-invasive orthopedics including bracing and supports for osteoarthritis, spinal, and upper/lower extremities. Overlaps with Altivera's LSO/TLSO back braces, OA knee braces, and wrist braces in the orthopedic bracing category.
• Mettler Electronics: Manufacturer of electrotherapy, ultrasound, and shortwave diathermy devices for rehabilitation and pain management. Comparable product portfolio to Altivera's electrotherapy line serving clinics and at-home patients.
• RS Medical: Specialized provider of prescription electrotherapy devices for pain management, including TENS and NMES units. Directly comparable to Altivera's electrotherapy business model with insurance-billed prescription devices.
• Performance Health: Distributor of rehabilitation, recovery, and pain management products including bracing, hot/cold therapy, and electrotherapy devices. Comparable in product breadth and distribution to professional and patient end markets.
• Enovis Corporation (DJO Global): Major orthopedic device company offering bracing, pain management, and rehabilitation products through its DJO brand. Directly competes in the same DME and orthopedic bracing categories as Altivera, serving similar patient populations and provider channels.

Broad incumbents

• Stryker Corporation: Large diversified medical device company with orthopedics, surgical equipment, and neurotechnology divisions. Overlaps with Altivera's orthopedic bracing and rehabilitation positioning as part of a much broader MedTech portfolio.
• Zimmer Biomet: Global orthopedic medical device leader with extensive bracing, joint reconstruction, and surgical products. Operates in the broader orthopedic space that includes Altivera's bracing portfolio as a smaller, more focused competitor.

Emerging players

• PainPod (Pain Management Technologies): Specialized provider of TENS, EMS, and microcurrent devices for pain management with both professional and consumer channels. Overlaps with Altivera's electrotherapy category, particularly in direct-to-consumer positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/altivera-medical

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Altivera Medical