Zynex, a provider and developer of non-invasive medical devices for electrotherapy and stroke rehabilitation, neurological diagnostics and cardiac monitoring, has inked a strategic sales, marketing and distribution agreement with US-based Advanced Brain Monitoring.
Under the deal, Zynex, through its wholly-owned subsidiary Zynex NeuroDiagnostics, will sell, retail and distribute Advanced Brain Monitoring's Sleep Profiler and Apnea Guard devices, and InsomniCare service across US.
According to Zynex, these products will help to enhance the quality of care available in the sleep diagnostics and therapy markets which approximate several hundred million dollars per year.
Advanced Brain Monitoring's Sleep Profiler device and InsomniCare service will expand the scope of patient care while Advanced Brain Monitoring's Apnea Guard device helps to reduce the costs of sleep apnea treatment.
Zynex president and CEO Thomas Sandgaard said, "We believe the agreement with Advanced Brain Monitoring will provide us with a significant revenue opportunity in our Zynex NeuroDiagnostics subsidiary."
Headquartered in Carlsbad, California, Advanced Brain Monitoring is a privately-held firm focused on developing solutions for the diagnosis and treatment of sleep, neurological, and psychiatric disorders.
