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Adia Med Expands Into Wound Care, Targeting High-Demand $25 Billion Market and Unlocking New Growth Avenues
Newsfile· 2025-08-20 12:00
Core Insights - Adia Nutrition Inc. is expanding its clinical division, Adia Med, into the advanced wound care market, which is valued at $25 billion, aiming to meet growing healthcare needs and create new revenue streams [1][3]. Industry Overview - Approximately 8.2 million Americans require treatment for chronic wounds annually, with conditions like diabetic foot ulcers and pressure sores being prevalent among older adults and those with diabetes or vascular disease [2]. - The wound care market is projected to grow from $25.84 billion in 2025 to $38.39 billion by 2034, driven by increasing demand for hospital-based interventions, outpatient procedures, and home health services [3]. Company Strategy - Adia Med plans to offer wound care services at its Winter Park clinic, with future expansion based on patient volume and partnerships, focusing on personalized evaluations and regenerative therapies [4]. - The company is in-network with major insurance providers, enhancing accessibility and affordability for patients, while reinforcing its commitment to integrated healthcare [5]. Financial Implications - The expansion into wound care is expected to provide a stable revenue stream with strong insurance support, contributing to long-term shareholder value [5][6]. - Wound care is positioned as a meaningful healthcare solution that aligns with Adia Med's mission of driving innovation and delivering sustainable returns for investors [6].
FOXO TECHNOLOGIES INC.'S CRITICAL ACCESS HOSPITAL ANNOUNCES NEW WOUND CARE SERVICES OFFERING
Globenewswire· 2025-06-17 12:07
Core Insights - FOXO Technologies Inc. has announced the launch of wound care services at its critical access hospital, Big South Fork Medical Center, in Oneida, Tennessee, to meet the growing demand, particularly among diabetic patients [1][2] Group 1: Company Overview - FOXO Technologies Inc. operates three subsidiaries, including Rennova Community Health, which manages the Big South Fork Medical Center [3] - The company also owns Myrtle Recovery Centers, a behavioral health facility providing various treatment services [3] Group 2: Service Expansion - The expansion of wound care services is expected to increase net revenues for the hospital and is part of a broader strategy to enhance market reach and service offerings [2]
FOXO TECHNOLOGIES INC.’S CRITICAL ACCESS HOSPITAL ANNOUNCES EXPANSION OF SERVICES TO INCLUDE WOUND CARE
Globenewswire· 2025-05-19 12:05
Core Insights - FOXO Technologies Inc. is expanding its critical access hospital, Big South Fork Medical Center, to include wound care services starting June 2, 2025 [1][3] - The expansion is driven by an increasing demand for wound care, particularly among diabetic patients, with over 38 million diabetes patients in the U.S. and up to 15% experiencing diabetic foot ulcers [2] - The hospital currently serves over 600 emergency room patients and approximately 300 outpatient patients monthly, indicating a strong community presence [3] Company Overview - FOXO operates three subsidiaries, including Rennova Community Health, which manages Big South Fork Medical Center, a critical access hospital in East Tennessee [4] - Myrtle Recovery Centers, another subsidiary, provides behavioral health services, including inpatient detox and outpatient treatment programs [4] - FOXO Labs focuses on biotechnology aimed at improving human health and lifespan through innovative technology and product solutions [5]