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Trice Medical
Founded to fundamentally improve orthopedic diagnostics for the patient
About Trice Medical
Trice Medical, established in 2011 by Jeffrey F. O'Donnell, Sr., operates within the orthopedic diagnostics sector, focusing on providing swift and cost-effective solutions for joint injury assessment. The company is headquartered in Malvern, Pennsylvania, and targets orthopedic surgeons, payers, and patients. Its business model centers on enabling physicians to perform diagnostic and therapeutic procedures in various settings, including the office, a procedure room, or an operating room, thereby reducing the time and costs associated with traditional diagnostic paths like MRIs.
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Jeffrey O'Donnell is a serial entrepreneur with extensive experience in the medical device industry, having founded and led several companies to successful exits, including Embrella Cardiovascular and PhotoMedex. This background in leading emerging medical technology firms has been instrumental in shaping Trice Medical's trajectory. The current President and CEO, Mark Foster, joined in 2016 after holding leadership roles at Smith & Nephew and Boston Scientific, bringing over two decades of experience in the medical device field. His leadership has guided the company's evolution from a purely diagnostic focus to a broader therapeutic platform.
The company’s core technology is a portable, tablet-based imaging platform that combines handheld arthroscopy and ultrasound capabilities. Its flagship product family, the mi-eye, is a single-use, disposable needlescope that provides direct visualization inside a joint. The mi-eye 3, for instance, is an FDA-cleared needlescope with an integrated camera and light source that pairs with the mi-tablet, offering high-resolution imaging in a handheld device. This allows for immediate diagnosis during an initial office visit. Complementing the mi-eye is the mi-ultra, a handheld ultrasound transducer optimized for musculoskeletal applications, enabling a comprehensive evaluation of the joint and surrounding soft tissue, as well as guiding injections. Through strategic acquisitions, such as Seg-WAY Orthopedics in 2019 and Tenex Health in 2021, Trice Medical has expanded its portfolio to include minimally invasive therapeutic solutions. These include the Seg-WAY system for endoscopic carpal tunnel release and the Tenex Health TX technology, which uses ultrasonic energy to treat chronic tendon pain.
At a glance
- Status
- Operational
- Founded
- 2011
- Headquarters
- Charlestown Township, United States
- Employees
- 52
- Open positions
- None listed
- Dealroom signal
- 77.5/100
- Industry
- Health
- Sub-industry
- Medical Devices
- Sector
- Health Tech & Medtech, Surgery, Cardiology and cardiovascular, Neurology, Medical Imaging, Orthopedic, Hard Tech, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Trice Medical.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Nov 2022 | $7.3M | $92M | Undisclosed | ↗ |
| LATE VCOther financing | Aug 2021 | $0 | — | Bioventus | — |
Growth signals
Latest recorded traffic for Trice Medical is 2.8K monthly website visits, up 7.7% over the last three months. Trice Medical's team declined 1.9% over the past year.
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
BioStar Capital
Safeguard Scientifics
HealthQuest Capital
Series B and later4 investors entered at this stage
Smith & Nephew
Charter Capital Partners
Municipal Employee Retirement System
Bioventus
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Trice Medical on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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