Zomedica Improves Efficiency and Cuts Costs by Moving to New Headquarters

Associated Press

12-02-2025

Relocation to More Efficient Space Supports Growth While Reducing Overhead by Over $200,000 Annually
ANN ARBOR, MI / ACCESS Newswire / February 12, 2025 / Zomedica Corp. (NYSE American:ZOM) ('Zomedica' or the 'Company'), a veterinary health company offering point-of-care diagnostics and therapeutic products for equine and companion animals, today announced that that Company has relocated its corporate headquarters to a new facility in Ann Arbor, Michigan.
'Our new headquarters marks an exciting milestone for Zomedica. This move not only provides us with a modernized workspace to accommodate our growing team but also allows us to operate more efficiently by significantly reducing our lease expenses,' said Larry Heaton, President and Chief Executive Officer of Zomedica. 'Our priority is to make strategic decisions that drive the long-term success of our company. This new space is not only more functional and appealing but also significantly more cost-effective, allowing us to optimize resources while continuing to invest in innovation and growth.'
Zomedica's lease for its prior Ann Arbor headquarters, located on Phoenix Drive, expired on January 31, 2025. Under the new lease, Zomedica reduced square footage by approximately 19%, and reduced base annual rent by approximately 50%, representing more than $200,000 in annual cost savings for Zomedica.
'This move is another way we are working diligently to hit profitability,' said Scott Jordan, Executive Vice President, Finance & Chief Financial Officer of Zomedica. 'By significantly lowering our lease expenses, we are freeing up capital that can be reinvested into the business, accelerating our path to financial sustainability and long-term success.'
About Zomedica
Zomedica is a leading equine and companion animal healthcare company dedicated to improving animal health by providing veterinarians innovative therapeutic and diagnostic solutions. Our gold standard PulseVet® shock wave system, which accelerates healing in musculoskeletal conditions, has transformed veterinary therapeutics. Our suite of products also includes the Assisi® Loop line of therapeutic devices and the TRUFORMA® diagnostic platform, the TRUVIEW™ digital cytology system, and the VetGuardian® no-touch monitoring system, all designed to empower veterinarians to provide top-tier care. In the aggregate, their total addressable market in the U.S. exceeds $2 billion. Headquartered in Michigan, Zomedica employs approximately 150 people and manufactures and distributes its products from its world-class facilities in Georgia and Minnesota. An NYSE American company, Zomedica grew revenue 33% in 2023 to $25 million and maintains a strong balance sheet with approximately $78 million in liquidity as of September 30, 2024. Zomedica is advancing its product offerings, leveraging strategic acquisitions, and expanding internationally as we work to enhance the quality of care for pets, increase pet parent satisfaction, and improve the workflow, cash flow and profitability of veterinary practices. For more information visit www.zomedica.com.
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