UK-based Creo Medical focuses on the development and commercialisation of minimally invasive electrosurgical devices. Its six products in the flagship CROMA platform have all been CE marked and four have been cleared by the FDA. It recently acquired Albyn Medical, which provides it with profitable products and a direct sales force in Europe.
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Creo Medical is developing and commercialising minimally invasive endoscopic electrosurgical devices. Its CROMA platform delivers a combination of advanced bi-polar radiofrequency (RF) and microwave energy for the purpose of dissection, resection, ablation and haemostasis of diseased tissue. The initial focus is on gastrointestinal (GI) procedures expanding into soft tissues (such as the pancreas) and pulmonology. The company has had all six products within the CROMA platform CE marked with four cleared for use by the FDA and the other two expected to be cleared in the coming months. Creo’s first commercially available device, Speedboat Inject, is now used across the globe.
Y/E Dec |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (p) |
P/E (x) |
P/CF (x) |
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2019A | 0.0 | (18.2) | (18.6) | (13.1) | N/A | N/A |
2020A | 9.4 | (21.4) | (23.0) | (12.7) | N/A | N/A |
2021E | 25.9 | (21.2) | (22.7) | (12.3) | N/A | N/A |
2022E | 28.4 | (22.9) | (24.4) | (13.3) | N/A | N/A |
Industry outlook
Creo Medical products are in a large and lucrative market. Conmed estimates the GI endoscopic technologies market alone is approximately $3.0–3.2bn with the RF energy based surgical device market at $2.7–2.9bn per year.
Last updated on 23/05/2022Content on Creo Medical








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Forecast net cash (£m) | 46.7 |
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Craig Gulliford | CEO |
Richard Rees | CFO |
David Woods | Chief commercial officer |
Rhys Davies | Communications manager |