C2Dx, Inc.

Schoolcraft, Michigan

About C2Dx, Inc.

Company overview

C2dx, Inc. is a technology company that specializes in the development and implementation of advanced diagnostic solutions for the healthcare industry. Founded by a team of experts in medical imaging and artificial intelligence, the company is committed to revolutionizing medical diagnostics through innovative software and hardware solutions. C2dx's mission is to empower healthcare professionals with accurate and timely diagnostic information, enabling them to make well-informed decisions that lead to improved patient outcomes. The company places a strong emphasis on research and development, leveraging the latest breakthroughs in AI and imaging technologies to create transformative medical devices and software. Product Breakdown: Diagnostic Imaging Software: C2dx's flagship product is its state-of-the-art diagnostic imaging software. This software leverages artificial intelligence and machine learning algorithms to enhance medical image analysis. It provides radiologists and other medical professionals with advanced tools for image segmentation, feature extraction, and anomaly detection. The software is designed to streamline the diagnostic process, leading to faster and more accurate diagnoses. Computer-Aided Detection (CAD) Systems: C2dx offers computer-aided detection systems that integrate seamlessly with existing medical imaging equipment. These CAD systems assist radiologists in identifying potential abnormalities and markers of diseases in medical images. By acting as a second set of eyes, the CAD systems enhance diagnostic accuracy and serve as valuable decision support tools for healthcare professionals. Mobile Medical Imaging Apps: C2dx has developed mobile applications that allow healthcare providers to access medical images securely and remotely. These apps facilitate collaboration between healthcare professionals and enable timely consultations, even when they are not physically present in the same location. The mobile apps comply with stringent security and privacy standards to safeguard patient data. 3D Visualization and Virtual Reality (VR) Solutions: C2dx offers advanced 3D visualization tools and virtual reality solutions that enable a more immersive and detailed view of medical images. These technologies enhance the interpretation of complex cases and support pre-operative planning for surgical procedures. The VR solutions provide an intuitive and interactive way for medical professionals to interact with patient data, leading to better treatment decisions. Cloud-Based Medical Image Storage and Management: C2dx provides secure cloud-based storage and management solutions for medical images and patient data. The platform is designed to facilitate easy access, sharing, and archiving of medical images, ensuring seamless collaboration between healthcare facilities and professionals. The cloud-based system adheres to strict data security regulations and ensures patient privacy.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee--------------------
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Jane DoeEmployee--------------------
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John DoeEmployee--------------------
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John DoeEmployee--------------------
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401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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