About CONMED
CONMED is a company based in Utica (United States) founded in 1987 by Eugene Corasanti.. The company has 3,900 employees as of December 31, 2024. CONMED has completed 7 acquisitions, including Buffalo Filter, In2Bones and In2Bones USA. CONMED offers products and services including AirSeal, BioBrace, and Argo Knotless. CONMED operates in a competitive market with competitors including GE Healthcare, Medtronic, Boston Scientific, Johnson & Johnson and Commure, among others.
- Headquarter Utica, United States
- Employees 3900 as on 31 Dec, 2024
- Founders Eugene Corasanti
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Conmed Corporation
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Annual Revenue
$1.3 B4.98as on Dec 31, 2024
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Net Profit
$132.42 M105.44as on Dec 31, 2024
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EBITDA
$215.53 M18.3as on Dec 31, 2024
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Latest Funding Round
$345 M (USD), Post-IPO
Mar 03, 2019
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Investors
Barclays
& 1 more
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Employee Count
3900
as on Dec 31, 2024
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Investments & Acquisitions
Buffalo Filter
& 6 more
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IPO & Listings of CONMED
CONMED is a publicly listed company on the NYSE with ticker symbol CNMD in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of CONMED
CONMED offers a comprehensive portfolio of products and services, including AirSeal, BioBrace, and Argo Knotless. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Maintains stable pressure for laparoscopic and robotic surgeries
Reinforces tendons and ligaments in orthopedic procedures
Adjusts tension for secure surgical fixation
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Funding Insights of CONMED
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $345.0M
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First Round
First Round
(11 Nov 2004)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Post-IPO - CONMED | Valuation |
investors |
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| Nov, 2004 | Amount | Post-IPO - CONMED | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CONMED
CONMED has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Barclays and J P Morgan Wealth Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provides banking, credit cards, investments, loans, and auto financing services.
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Founded Year | Domain | Location | |
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Diversified financial services are provided across global markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CONMED
CONMED has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Buffalo Filter, In2Bones and In2Bones USA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Plating and fixation systems are developed for orthopedic applications.
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2014 | ||||
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Provider of single use surgical instruments and orthopedic implants for use in lower extremity surgeries.
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2011 | ||||
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Products for minimally invasive surgery are developed and supplied.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CONMED
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Conmed Comparisons
Competitors of CONMED
CONMED operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GE Healthcare, Medtronic, Boston Scientific, Johnson & Johnson and Commure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Materials management solutions are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Medical equipment for treating over 30 chronic diseases is developed.
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| domain | founded_year | HQ Location |
Wide range of medical devices
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| domain | founded_year | HQ Location |
Healthcare solutions are provided by Johnson & Johnson globally.
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| domain | founded_year | HQ Location |
Complex healthcare challenges are addressed through technology solutions by Commure.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Conmed
Frequently Asked Questions about CONMED
When was CONMED founded?
CONMED was founded in 1987 and raised its 1st funding round 17 years after it was founded.
Where is CONMED located?
CONMED is headquartered in Utica, United States. It is registered at Utica, New York, United States.
Who is the current CEO of CONMED?
Curt Hartman is the current CEO of CONMED.
How many employees does CONMED have?
As of Dec 31, 2024, the latest employee count at CONMED is 3,900.
What is the annual revenue of CONMED?
Annual revenue of CONMED is $1.3B as on Dec 31, 2024.
What does CONMED do?
CONMED was established in 1987 in Utica, United States, as a medical device company. Emphasis is placed on research and development for manufacturing surgical instruments and equipment used in minimally invasive procedures. Products are applied across specialties including general surgery, urology, gynecology, colorectal, and gastroenterology. Operations center on supporting surgeons and physicians with tools for various therapeutic needs.
Who are the top competitors of CONMED?
CONMED's top competitors include GE Healthcare, Medtronic and Boston Scientific.
What products or services does CONMED offer?
CONMED offers AirSeal, BioBrace, and Argo Knotless.
Is CONMED publicly traded?
Yes, CONMED is publicly traded on NYSE under the ticker symbol CNMD.
How many acquisitions has CONMED made?
CONMED has made 7 acquisitions, including Buffalo Filter, In2Bones, and In2Bones USA.
Who are CONMED's investors?
CONMED has 2 investors. Key investors include Barclays, and J P Morgan Wealth Management.
What is CONMED's ticker symbol?
The ticker symbol of CONMED is CNMD on NYSE.