Magstim Inc.
Roseville, MN Part of Magstim Group Incorporated
- UEI
- MMDHHFM418D8
- CAGE
- 7PDZ2
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Other NAICS codes in SAM.gov
- Corporate family
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-
Parent
QPAKH67LFLM3
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Parent
QPAKH67LFLM3
- SAM.gov registration date
- Physical address
- 1626 Terrace Dr, Roseville, MN 55113, USA
- Website
- magstim.com
- Founded
- 1990
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Health Care
- Health Care Equipment & Services
- Health Care Providers & Services
- SIC code
- 38 Instruments & Related Products
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $550,096 |
| FY2025 | $336,382 |
| FY2024 | $271,495 |
| FY2023 | $684,810 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Health and Human Services | $302,511 | |
| 2 | Department of Veterans Affairs | $247,585 |
Contract awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Magstim Inc., a Minnesota-based subsidiary of Magstim Group Incorporated, manufactures and delivers transcranial magnetic stimulation (TMS) systems, electroencephalography (EEG) equipment, and related neurological medical devices to the federal government as a prime contractor, operating under small disadvantaged business (SDB) certification with no reliance on set-aside vehicles. The company competes in full-and-open federal procurements and holds no seats on governmentwide acquisition contracts or blanket purchase agreements; all 53 recent prime awards are firm fixed-price purchase orders issued directly by customer agencies.
Magstim's capability portfolio centers on FDA-cleared TMS systems for treating major depressive disorder, obsessive-compulsive disorder, and anxiety disorders, bundled with therapy chairs, neuronavigation systems, and associated treatment protocols. The company also supplies specialized EEG sensor nets (HydroCel Geodesic Sensor Nets) and replacement components for neurological research and clinical applications. Representative work includes a $233,861 integrated neuromodulation and neurophysiology system awarded by the National Institute of Mental Health in August 2026, a $155,140 256-channel GES 400 Desktop EEG system with sensors and warranties from Department of Veterans Affairs VISN 21 in January 2026, a $149,750 TMS chair system with scalp cooling awarded by the Defense Health Agency in August 2023, and a $29,705 procurement of six EEG sensor nets from the National Institute on Drug Abuse in June 2023.
Customer concentration is heavily anchored to the Department of Veterans Affairs. The top five customer entities account for 45% of awards and 80% of combined potential value, with VA Headquarters leading at 5 awards worth $6.1 million, followed by VA VISN 21 (6 awards, $645 thousand), VA VISN 22 (4 awards, $321 thousand), the National Institute of Mental Health (3 awards, $320 thousand), and VA VISN 19 (5 awards, $275 thousand). The VA dominates both award count and dollar volume across multiple regional networks (VISNs 1, 4, 5, 10, 17, 19, 20, 21, 22) and a single-award Indefinite Delivery Contract (VA11917D0035) carrying 5 task orders valued at $3.1 million. Non-VA federal customers include the Defense Health Agency, National Institutes of Health (National Institute of Mental Health, National Institute of Nursing Research, National Institute on Drug Abuse), and the National Institute of Mental Health.
Activity has remained flat over the past three years—seven awards in 2022, eight in 2023, and four each in 2024, 2025, and 2026 through August. Three awards totaling $426 thousand face ultimate completion within the next twenty-four months. Magstim's federal contracting footprint spans electromedical apparatus manufacturing (NAICS 334510, 26 awards) and surgical and medical instrument manufacturing, with procurements consistently categorized under Medical and Surgical Instruments, Equipment, and Supplies (PSC code, 38 awards). The company operates with no subcontractors in its federal work and competes as a prime only, with the parent company, Magstim Group Incorporated, also certified as a small disadvantaged business.
SBA capabilities narrative
Magnetic pulses are used in the treatment of Depression
Quick answers
Is Magstim Inc. registered in SAM.gov?
Yes. Magstim Inc.'s SAM.gov registration is active through September 21, 2027.
How much has Magstim Inc. received in federal contracts?
Federal contracts obligated $336,382 to Magstim Inc. in fiscal year 2025 and $1,842,783 in fiscal years 2023 through 2027.
What is Magstim Inc.'s most recent federal award?
Magstim Inc.'s most recent federal contract award is Nimh:supply:integrated neuromodulation and neurophysiology system: n/a (75N98026P01355), from Office of Logisitics and Acquisition Operations (NIH), on August 18, 2026.
On GovTribe
See Magstim Inc.'s full federal record
- Federal contract awards
- IDV awards
- Funding analysis by agency, NAICS and set-aside
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