2021 Revenues ($USD) : $115,381,000
2021 R&D spend : $26,092,000
2021 Number of Employees : 317
Fiscal Year End : 12/31/2020
Key People : Tim Herbert, president and CEO; Rick Buchholz, CFO; Randy Ban, chief commercial officer; Phil Ebeling, COO; Bryan Phillips, SVP, general counsel, chief compliance officer and corporate secretary; Steve Jandrich, VP, human resources; Andreas Henke, SVP, European operations; Ivan Lubogo, SVP, U.S. sales; John Rondoni, SVP, R&D and ventures; Kathy Sherwood, SVP, global market access; Martin Abrams, VP, marketing and customer experience.

About the company: With more than 400 employees, Inspire Medical Systems was founded in 2007 when it spun out of medtech giant Medtronic along with a significant intellectual property portfolio. The company is led by President and CEO Tim Herbert, who has held the positions since the company was founded. The Minneapolis-area company develops treatments for obstructive sleep apnea, offering what it says is the first and only FDA-approved obstructive sleep apnea device that treats the root cause of the condition by working inside the body with the patient’s natural breathing process. The device is placed during a same-day, outpatient procedure and opens the patient’s airway while they sleep to allow for normal breathing. –SW