CareDirect

CareDirect is a private healthcare technology company focused on medication management and compliance solutions for ambulatory surgery centers and outpatient healthcare facilities. Its core offering combines digital medication storage cabinets with cloud-based software to help providers securely store controlled substances, track inventory, detect discrepancies and potential drug diversion, and maintain regulatory compliance. The company positions its products as a lower-cost, technology-enabled alternative to traditional locked medication cabinets and manual workflows. CareDirect originated within Milwaukee-based manufacturer MPE and was spun out as a standalone business in 2021. It appears to be a commercial-stage medtech company rather than a therapeutics developer, with revenue generated from device and software solutions rather than a drug pipeline.