Breakthrough Walk Again Physical Therapy Devices

Oregon
GlideTrack
Gross Revenue:$10,181,700
Established Year:2010
EBITDA:$4,425,360
BUSINESS DESCRIPTION

The only alternate unweighting devices are uncomfortable harness based or airbag devices which are not practical for in-home, outdoor or workplace use. These Aldavida devices are the only body unweighting physical therapy products that are even close to affordable and can be used in the hospital, home, work and outdoors.

Restoring being able to walk again is what this offering is all about. For millions of people (old and young), Stroke, Parkinson’s Disease, Osteoarthritis and Joint Pain, Senior Loss of Mobility and Fitness, Severe Accident Recovery and Obesity are what can take away a person’s ability to simply walk.

These devices unweight the body so the legs can be exercised to regain the strength to support the body again. These devices are obviously a breakthrough in unweighting and are clearly disruptive to all other methods to unweight the body in the global physical therapy market.

This Breakthrough physical therapy offering has developed ingenious patented devices GlideTrak and GlideCycle business models where people with legs that can no longer support their body weight, can now use these devices to be able to walk again.

Recognition and acceptance of these devices, to name a few; Walter Reed Army Medical Center, UCSF Medical Center, University of Taiwan Gait Lab, Veterans Administration, The Rogue Valley Medical Center Outpatient Physical Therapy Department, and Omega Sports Rehabilitation and many more.

Globally these devices are in Europe, Asia, China, Taiwan, Australia, Africa, Mexico and Canada.

The only alternate unweighting devices are uncomfortable harness based or airbag devices which are not practical for in-home, outdoor or workplace use, which these are.

We are looking for a larger company or medical group with the resources to take these devices to the mass media as was done with Bowflex, Nordic Trak, Teeter Inversion, Peloton and Elliptical machines.

A quote from Professor and Chair Emeritus, Department Physical Therapy and Rehab Science, University of California San Francisco School of Medicine.

"Body Weight Supported Treadmill Training (BWSTT) is so powerful for walking practice and physical conditioning that it belongs in every hospital, physical therapy clinic, and home. GlideTrak makes this accessible to everyone."

A quote from Dr. Gordon Levin, a renowned Orthopedic surgeon, Los Gatos, CA
"What I like especially is the GlideTrak because I can get people who are rehabilitating up and walking using their muscles, increasing the range of motion of their hips and knees much faster than they would when they are in the parallel bars or a walker. People who’ve had fractured hips, total hips, knee replacements, fractures of the tibia or femur that can’t take full weight bearing are able to get up vertical, move the joints and extend the joints completely and also completely exercise the muscles. I just believe that this is an excellent method of increasing motion, increasing strength. It helps people psychologically because they are up and vertical and actually moving. I feel it really has an excellent place in our rehabilitative environment."


ATTACHED DOCUMENTS
Breakthrough Devices NDA.pdf Download

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
4
Facilities
Aldavida has long partnered a manufacturer to build GlideTrak and source GlideCycle, import from Taiwan, warehouse and ship from Chino Ca. All product costs are included FOB in the cost of goods except for onsite insurance cost. A $50 shipping and handling fee is due upon order. This has been a longstanding partnership and is in full force today.
Competition
Patients needing therapy for gait or balance issues are estimated to grow annually by 9% and reach 597M by 2035. Aldavida has the ability to make an impact for a wide range of patients & people who struggle to stay active having just barely scratched the surface of the potential market. Aldavida does not have much direct competition being the only company in the market to have up to 87% reduction in ground reaction force and 100% body unweighting between steps. The closest competitor has a a significantly higher cost in the $30K-70K price range.
Growth & Expansion
The Company is positioned for growth, and there are 19 specific ideas in two general areas that the current Owners believe could be developed to take the Company to the next level.
Support & Training
The Owners desire to either continue on as equity partners or contract employees. Included in the sales price is their time for 90 days, and thereafter compensation for their time will be mutually agreed to. They have many ideas to improve the devices and add more products and long-term they would be available for advisory board positions.
Reason for Selling
Looking for buyer or investor to expand globally on this patented technology
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Rick
Piper
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Rick Piper