August 27, 2016 9:00 AM ET

Healthcare Equipment and Supplies

Company Overview of Neuronetics, Inc.

Company Overview

Neuronetics, Inc., a medical device company, develops devices for non-invasive therapies for psychiatric and neurological disorders using magnetic resonance imaging (MRI)-strength magnetic field pulses. The company offers NeuroStar TMS Therapy, a transcranial magnetic stimulation device to treat patients with depressive and disorder in adult patients; and to stimulate function in brain regions known to affect mood. It also provides NeuroStar TMS Therapy system components; and support services. Neuronetics, Inc. was founded in 2001 and is headquartered in Malvern, Pennsylvania.

3222 Phoenixville Pike

Malvern, PA 19355-1245

United States

Founded in 2001





Key Executives for Neuronetics, Inc.

Chief Executive Officer and President
Chief Financial Officer
Director of Operations
Chief Medical Officer
Vice President of New Business Development
Compensation as of Fiscal Year 2016.

Neuronetics, Inc. Key Developments

Neuronetics Inc. Reaches Agreement with Aetna

Neuronetics Inc. has reached an agreement with Aetna that will give its members coverage of the Malvern, Pennsylvania medical device company's NeuroStar TMS Therapy for major depression disorder. The move will increase access to the NeuroStar Therapy by about 18 million more patients nationwide. Through the company's contracts with health insurers, the therapy is now available as a covered service to more than 300 million through the country. Neuronetics' non-invasive depression therapy uses MRI-strength magnetic field pulses to stimulating nerve cells in the brain. The pulses activate cortical and deep brain structures known to be involved in mood regulation.

Neuronetics, Inc. Appoints Christopher Thatcher as President and Chief Executive Officer

Neuronetics, Inc. announced that Christopher Thatcher has joined the company as President and Chief Executive Officer. Mr. Thatcher has two decades of experience in general management and operational leadership in growing and transforming companies. Most recently Mr. Thatcher led the Reichert Technology Global Business Unit of Ametek, Inc. as its Divisional Vice President and Business Unit Manager. In this role, Mr. Thatcher was responsible for revitalizing its brand and expanding the business globally to achieve exponential revenue growth.

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