[DailyPharm = Reporter Hwang Byung-woo] Mezoo Targets 67% Operating Profit Margin; Eyes Expansion into Half of All General Tertiary Hospitals

Mezoo, a mobile remote patient monitoring (aRPM) company, is seeking to list on the KOSDAQ market with a goal of establishing a profit structure featuring an operating profit margin of approximately 67%. The company’s strategy is to boost profitability by expanding its subscription-based patient monitoring business, leveraging its track record of implementing systems in half of Korea's general tertiary hospitals.

At an IPO press conference held on the 9th, Mezoo presented a strategy to expand its presence in the hospital monitoring market based on its mobile patient monitoring platform, 'HiCardi.'

According to the company's presentation, Mezoo projects it will record 15.4 billion KRW in revenue in 2026, followed by a turnaround to profitability in 2027 with an operating profit of 10.8 billion KRW. By 2029, the company aims to reach 62.7 billion KRW in revenue and 42 billion KRW in operating profit—achieving an operating profit margin of 67%—through the expansion of its subscription-based revenue model.

Beyond the ICU to General Wards: Expanding Mobile Patient Monitoring

Founded in 2007 by Ph.D.s in Biomedical Engineering from Yonsei University’s Wonju Campus, Mezoo possesses core competitiveness in on-device biosignal processing technology.

The company is currently focusing on the mobile remote patient monitoring (aRPM) sector. This focus addresses the limitations of existing hospital monitoring systems, which are primarily centered on Intensive Care Units (ICUs), making it difficult to continuously monitor patient status in general wards.

"In hospitals, it is standard for medical staff to check on patients by making rounds through the wards," explained Park Jung-hwan, CEO of Mezoo. "However, by utilizing a mobile monitoring system, patient status can be checked even when the patient is moving or outside the hospital."

The company explained that remote patient monitoring technology can transform medical service workflows, as it allows medical staff to check patient conditions via a web-based system even when they are off-site.

CEO Park emphasized, "Over the past one to two years, hospitals have begun to seriously consider adopting these systems, and the market is opening up rapidly."

The company estimates the domestic hospital patient monitoring market at approximately 600,000 beds and analyzed that the market is currently in its early stages, with the adoption rate of digital monitoring systems at only about 3%.


Source : https://www.dailypharm.com/user/news/336316