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Zynex Announces Partnership To Conduct Business with Veterans Affairs (VA) Medical Centers, the Largest Healthcare Network in the United States
ZYXIZynex(ZYXI) Prnewswire·2024-12-17 14:15

Core Insights - Zynex, Inc. has announced a partnership with Veterans Affairs Medical Centers (VAMCs) to enhance access to noninvasive pain management solutions for veterans [1][4] - The VA spends over $112 billion annually on healthcare, servicing over 9 million enrolled veterans, presenting a significant market opportunity for Zynex [2][3] - Currently, less than 1% of Zynex's sales come from VAMCs, indicating substantial potential for sales expansion within the largest healthcare network in the U.S. [2][4] Company Overview - Zynex, founded in 1996, specializes in the development, manufacturing, marketing, and sale of medical devices for pain management and rehabilitation [5] - The company also produces non-invasive fluid, sepsis, and laser-based pulse oximetry monitoring systems for hospital use [5] Market Context - The Department of Veterans Affairs operates 171 VAMCs and over 1,100 outpatient facilities, alongside approximately 700 Military Treatment Facilities (MTFs) managed by the Department of Defense, creating a vast healthcare network for veterans and service members [3]