ROCKWELL MEDICAL, INC.

Rockwell Medical is a healthcare company that manufactures, commercializes, and distributes hemodialysis concentrates—chemical solutions that dialysis clinics mix with water to create dialysate for removing toxins and balancing electrolytes in kidney patients' bloodstreams. The company serves approximately 294 U.S. customers, including all five major dialysis providers, with a diverse revenue base and over 30 international distribution channels, generating revenue entirely from dialysate concentrate sales across multiple formulations (citric acid, acetic acid, and bicarbonate formats). Rockwell operates manufacturing facilities in multiple states and its own transportation subsidiary for domestic delivery, competing principally against vertically integrated players like Fresenius Medical Care while positioning itself as a leading supplier of liquid bicarbonate concentrates in a market driven by growing prevalence of end-stage kidney disease.