Company Overview
Finnitiv Health is a comprehensive mobile medical services platform providing turnkey surgical solutions, including: access to state-of-the-art surgical equipment, full technical support, and administrative services.
- Finnitiv Health alleviates hospital systems from the traditional upfront capital investment and robust resources required to train technicians
- Mobile services allow procedures to be moved out of the hospital system and into ASCs, providing a significant cost advantage to the healthcare system
Finnitiv currently operates as the provider of choice for ophthalmology and urology end-markets (non-discretionary and need based procedures)
- Ophthalmology: Equipment for cataract (“Phaco”), femtosecond
(“Femto”), and refractive (“LASIK”) surgeries to 698 customers (1,294
ophthalmic surgeons) at hospitals and ASCs across 47 states - Urology: Equipment for the treatment of kidney stones and prostate cancer screenings through extracorporeal shock wave lithotripsy (“ESWL”), ureteroscopic lithotripsy (“URS”), and MR fusion (“MRF”) to 1,053 urologists across 32 states
- Ancillary Services: In addition to equipment, Finnitiv provides a full scope of support services, including: technologists, patient scheduling, facility contracting, equipment services and maintenance, billing, compliance, etc.
Finnitiv has a robust fleet of 280 trucks providing doctors access to equipment for over 600 procedures per day
- The Company benefits from a highly diverse customer base with longstanding, entrenched relationships (9+ year average tenure)
- Finnitiv’s contracts are direct with healthcare facilities, capturing direct payment fees with little to no reimbursement risk (3% direct reimbursement risk)
- The Company is supported by MGG, a leading capital solutions provider with $5+ billion in AUM
- MGG acquired a majority position in the Company in 2022 with the thesis of building the leading mobile services provider nationwide and has completed 4 add-on acquisitions since its initial investment
1) Reflects revenue by service as of December 2023
About Our Brands
Sightpath Medical is a leading provider of mobile and fixed-location ophthalmic surgical solutions. They specialize in providing ophthalmologists with access to state-of-the-art equipment, support staff, and resources needed to perform surgeries such as cataract, LASIK, and other ophthalmic procedures. Sightpath Medical's services include mobile ophthalmic surgical units, surgical equipment leasing, and staffing solutions, enabling ophthalmologists to deliver high-quality care to their patients.
United Medical Systems is a provider of mobile medical services primarily focused on urology. They offer a range of services including lithotripsy, urodynamics, and laser prostate surgery, among others. UMS operates mobile medical units equipped with advanced technology and staffed by experienced healthcare professionals to deliver these services to hospitals, surgery centers, and clinics across the United States.
Evolution of Finnitiv Health
The Company has a long history of deep sector knowledge and has continuously achieved measured growth across segments supported by strong industry tailwinds and organic growth
If you have questions about our services, need support or want to learn more about how we can assist your healthcare facility, we are here to help. Reach out to us today to connect with our dedicated tam and discover how Finnitiv Health can support your healthcare needs.