Atlantic Street Capital (“ASC”), a private equity firm targeting entrepreneurial businesses poised for the next level of growth, consummated a partnership with an investment in Prestige Medical Imaging (PMI), the largest independent radiology service and solutions provider in the Eastern United States. Founded in 2003 and headquartered in Newburgh, NY, Prestige Medical Imaging is a medical imaging solutions company providing equipment service, maintenance, and support to hospitals, physician practices, ASCs, and sports teams across the United States.
Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has purchased all of the capital stock of privately-held Cal Opex Limited (d/b/a NEXA Enterprise Asset Management), effective August 31, 2021. The company, founded in Ireland in 2015 as Cal Opex, provides calibration optimization and other technical solutions to improve asset and reliability management programs to pharmaceutical, biotechnology, and medical device companies worldwide.
The InterMed Group announced the acquisition of Modern Biomedical & Imaging, Inc., an Irving, Texas-based provider of comprehensive asset management and healthcare technology management programs. Modern is an established provider of healthcare technology management services, known for quality and excellence in clinical and diagnostic equipment service and on-site maintenance.
RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced that it has established Healthcare Components Group (“HCG” or the “Company”) through the acquisitions of American Optics (“AO”) and Replacement Parts Industries (“RPI”). Both American Optics and RPI focus on serving independent service organizations (“ISOs”) who contract with acute care facilities, ambulatory surgical centers, and physician and dental offices to conduct repairs of mission critical medical devices.
PartsSource, a leading online marketplace for medical equipment maintenance parts and services, today announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity. The investment will help PartsSource continue to accelerate its growth trajectory, broaden its solutions portfolio, and expand its marketplace platform. PartsSource will continue to operate under its current management team, led by President and CEO Philip Settimi, MSE M.D. Financial terms of the private purchase from current owner Great Hill Partners were not disclosed.
NMS Capital (“NMS”) announced today that it has partnered with Company management in the recapitalization of DirectMed Parts & Service, LLC (“DirectMed” or the “Company”). Headquartered in San Diego, CA, DirectMed is the largest independent source for service and supply of medical imaging parts for MRI and CT machines. Leveraging its inventory of 60,000+ parts across 5,000+ unique SKUs, the Company provides 24/7 solutions to major OEMs, such as GE, Siemens, and Philips, and to independent service organizations (ISOs), imaging centers, hospital systems, and parts suppliers across North America, Latin America, and Europe.
Probo Medical (“Probo”), a leading global provider of medical imaging equipment, parts, repair and service, announced today the acquisition of Tenvision, LLC (“Tenvision”). Tenvision, founded in 2005, is a Gallatin, TN based provider of medical equipment sales, service, maintenance, repair and training organization with deep specialization in ultrasound equipment. Tenvision’s team of sales representatives, field service engineers and in-house repair technicians bring a long history of providing a deep solution set of products and services to meet healthcare organizations’ ultrasound equipment needs.
EPTAM Precision Solutions (“EPTAM” or the “Company”), a Frazier Healthcare Partners (“Frazier”) portfolio company, is pleased to announce the acquisition of Mendell Machine and Manufacturing (“Mendell”). Mendell is a medical component manufacturer located in Lakeville, MN that specializes in precision CNC micro-machining of implantable devices for the orthopedic, structural heart, cardiovascular, and endovascular markets. The transaction allows the companies to combine complementary capabilities, providing customers a one-stop shop for Orthopedic, Cardiovascular, Minimally Invasive Surgery (MIS), and Robotic-Assisted Surgery (RAS) components.
Generational Equity is pleased to announce the sale of its client, Encore Technical Services, Inc. to Wave Imaging Solutions. The acquisition closed April 30, 2021. Located in North Attleboro, Massachusetts, Encore Technical Services (ETS) is a medical equipment seller and service contractor. The Company focuses on repairing, servicing, and selling diagnostic imaging equipment, specifically ultrasound systems. ETS is continuing to expand its capabilities and is well positioned for growth in an attractive market. Wave Imaging Solutions (WAVE), located in Mentor, Ohio, is a full-service ultrasound sales and service company.
EMSAR, a leading independent service organization (“ISO”) that provides maintenance and repair services nationwide for medical, retail and security equipment, is pleased to announce a strategic partnership with MedPro, a leader in repair and maintenance for emergency medical service (“EMS”) equipment in the Eastern US. As the largest, independently owned, US-based ambulance equipment maintenance and service company, MedPro is a perfect complement to EMSAR’s national footprint and expertise in the EMS and healthcare space. EMSAR’s deep OEM relationships and MedPro’s on-the-ground acumen will better serve clients and their customers.
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