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Wright Therapy Products

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Wright Therapy Products develops compression therapy devices for the treatment of lymphedema and venous insufficiency

Oakdale, United StatesFounded 1983Health
Valuation $25–50M Last recorded · 2014
Total funding $10–50M Disclosed equity funding
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About Wright Therapy Products

In 1983, Edward Wright founded Wright Therapy Products to address a personal need, creating the first sequential gradient pneumatic compression device to help a family member with lymphedema. This marked the company's entry into manufacturing home-based medical products, specifically compression-therapy systems for patients suffering from lymphedema and chronic venous insufficiency. Based in Oakdale, Pennsylvania, the company focused on developing, manufacturing, and selling these specialized medical devices. A key part of the company's strategy was its Comply Care program, a disease management and patient compliance initiative. This program was designed to improve clinical outcomes and reduce overall healthcare costs by partnering with patients and clinicians. By the early 2010s, the company had attracted investors, closing a $3 million Series B financing round in December 2012, primarily from angel investors. A significant turning point came on November 23, 2015, when the company was acquired by BSN medical, a German-based medical device company. The acquisition was part of BSN's strategy to become a full-solution provider for lymphedema care. This move integrated Wright Therapy's product line and its direct US sales force into BSN's larger wound care and vascular business, expanding its market reach.

Source: Dealroom company data

At a glance

Founded
1983
Headquarters
Oakdale, United States
Sector
Health

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Pittsburgh Equity Partners
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Oakdale HQ
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Market sentiment

Posts on X, past 7 days

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