Magnetics Business & Technology - March/April 2025 - 14
FEATURE ARTICLE
Neuronetics and Greenbrook Merger to Build New Giant in TMS for Depression Treatment
on a regional and national level, and provide
additional services and training opportunities
to all of our customers which can improve
their business operations, " said Keith Sullivan,
President and Chief Executive Officer
of Neuronetics, which is based in Malvern,
Pennsylvania.
" This transaction combines two organizations
who share a common mission to better
care for the growing number of patients
who are suffering from mental health
conditions, many of whom are poorly
In the rapidly growing market for transcranial magnetic stimulation
(TMS) treatment of depression and other mental health issues,
the proposed merger of equipment provider Neuronetics and clinical
services provider Greenbrook TMS aims to create a new vertically
integrated company with widespread reach. At the heart of
the Neuronetics system is its trademark Figure-8 coil for precisely
focusing the magnetic pulse treatment.The two companies have
agreed to merge in a deal they closed on December 10, 2024.
" This transaction brings together two of the leaders in the mental
health space in the U.S., which will allow us to provide access to
innovative care to patients suffering from mental health conditions.
Leveraging the significant scale and capabilities of the two businesses,
we can drive increased awareness of NeuroStar, consistently
deliver best practices, facilitate improved reimbursement
Keith Sullivan,
President and CEO
of Neuronetics
served by medication alone, " said Bill Leonard, President and
Chief Executive Officer of Greenbrook, headquartered in Toronto.
" By combining Neuronetics' innovative NeuroStar platform as well
as their education and training expertise,
with Greenbrook's well established practice
operations and support capabilities,
we believe the combined company can
improve care at Greenbrook's existing
sites and, just as importantly, at any
practice across the country that is looking
to bring the benefits of NeuroStar to
their patients. "
Combined revenues for the two companies
is about $145 million with the merger approximately doubling
the size of each. Neuronetics' executive management team will
continue with the combined company, and the executive leaderBill
Leonard, President
and CEO of Greenbrook
Specialists in MICRO magnet and coil components
for MEDICAL and critical applications
HQ and Engineering: Lugano Switzerland / Manufacturing locations: Switzerland, Philippines, Malaysia
14 Magnetics Business & Technology * March/April 2025
www.MagneticsMag.com
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Magnetics Business & Technology - March/April 2025
Table of Contents for the Digital Edition of Magnetics Business & Technology - March/April 2025
Contents
Magnetics Business & Technology - March/April 2025 - Cover1
Magnetics Business & Technology - March/April 2025 - Cover2
Magnetics Business & Technology - March/April 2025 - Contents
Magnetics Business & Technology - March/April 2025 - 4
Magnetics Business & Technology - March/April 2025 - 5
Magnetics Business & Technology - March/April 2025 - 6
Magnetics Business & Technology - March/April 2025 - 7
Magnetics Business & Technology - March/April 2025 - 8
Magnetics Business & Technology - March/April 2025 - 9
Magnetics Business & Technology - March/April 2025 - 10
Magnetics Business & Technology - March/April 2025 - 11
Magnetics Business & Technology - March/April 2025 - 12
Magnetics Business & Technology - March/April 2025 - 13
Magnetics Business & Technology - March/April 2025 - 14
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Magnetics Business & Technology - March/April 2025 - 16
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Magnetics Business & Technology - March/April 2025 - 18
Magnetics Business & Technology - March/April 2025 - 19
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Magnetics Business & Technology - March/April 2025 - Cover3
Magnetics Business & Technology - March/April 2025 - Cover4
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