Diligence memo · auto-generated · as of July 2, 2026
Salona Global Medical Device Corp
Salona Global Medical Device Corp looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Salona Global Medical Device Corp operates in Medical Devices, based in DEL MAR.
Sub-sector tags: medical-devices.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Salona Global Medical Device Corp has raised $938K in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $400K on 2014-05-14.
Most recent recorded round closed around 2020-12-18.
Valuation (modeled)modeled
Provath models Salona Global Medical Device Corp at approximately $7.1M (range $147K–$70M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.96× the median modeled value of Pre-Seed Medical Devices companies in 2019–2021 (26 peers) — value vs value, same stage and era. Within the normal band (96% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 5.5 yr ago; this sector typically re-raises about every 16 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 41% of Medical Devices peers (233 compared).
Modeled value ranks above 42% of those peers.
Closest niche peers: Augustine Surgical, Inc., White Mountain Surgical Partners, LLC, Irving Specialists Surgical Center LLC, Grand Parkway Surgical Institute LLC, Halo Diagnostics Llc.
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.