NEW YORK, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of Tactile Systems Technology, Inc., doing business as Tactile Medical, (Nasdaq:TCMD) commenced on The Nasdaq Stock Market on July 28, 2016.
Tactile Medical develops and provides innovative medical devices for the treatment of chronic diseases. The company has a portfolio of innovative pneumatic compression devices used in the treatment of lymphedema and chronic venous ulcers, delivered by a unique, scalable sales and service platform, and supported by a substantial body of clinical and health economic evidence. The company is focused on improving outcomes in the home setting, where a majority of chronic diseases can be treated, working with clinicians and insurance companies directly to serve patients in need of at-home care. This unique product and service combination fosters healthy patient behaviors and is recognized by health organizations, policy-makers and payers as a key for controlling rising healthcare expenditures and improving patient health.
“We believe that when ongoing medical treatment is effectively integrated into the home, improved outcomes and reduced costs for patients with chronic diseases can become a reality,” said Jerry Mattys, Chief Executive Officer at Tactile Medical. “The listing on Nasdaq will enable us to expand our development of innovative, cost-effective and clinically proven solutions and extend our reach into domestic and global markets as we continue to improve the health of the patients we serve.”
“We are delighted to welcome Tactile Medical to join the world’s leading healthcare providers and innovators listed on Nasdaq,” said Bob McCooey, Senior Vice President, Listing Services at Nasdaq. “With dedicated support and comprehensive capital raising capabilities, we are proud to be the trusted partner to Tactile Medical as they take on the next chapter of their journey as a public company.”
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