Peak Rock acquires 626 Holdings.
Peak Rock acquires 626 Holdings
June 07, 2022
by John R. Fischer, Senior Reporter
An affiliate of private investment firm Peak Rock Capital has acquired third-party imaging services company 626 Holdings.
Founded in Florida in 2014, 626 is ISO 13485:2016 certified and services all types of scanners developed by various manufacturers for outpatient imaging centers, hospitals and other independent service organizations.
Its sale will further Peak Rock’s stake in the healthcare space, while allowing 626 to build upon its sales and technology initiatives, expand its footprint and continue to make strategic acquisitions to boost growth, said Spencer Moore, managing director of Peak Rock, in a statement. "626 represents a tremendous opportunity to partner with the founders and management of a leading services and maintenance business in the imaging sector, helping to reduce healthcare costs and support high-quality patient care.”
Among 626’s past acquisitions is Walsh Imaging, which services all imaging modalities and is an OEM dealer for Konica Minolta, Del Medical and Fujifilm. It provides service and equipment to nearly 3,000 providers and was sold to 626 in 2017.
626 also acquired depot and on-site repair service provider ISS in 2019; became a parts supplier in 2020 when it purchased PhiGEM; and bought Innovatus Imaging’s CR and DR business the same year.
In December 2021, it added California Radiographics, which expanded its presence out west. CRI services X-ray equipment from major manufacturers for hospitals, medical imaging clinics, chiropractors, orthopedists and veterinarians in most of California.
Other companies it owns are third-party, multi-OEM mammography provider Digitec; and Independence Cryogenic Engineering, which specializes in compressors, cold heads, lines and helium in support of its growing customer base.
"I'm excited to add Peak Rock as a partner, as their resources and expertise will support us in further expanding our imaging services platform,” said 626 co-founder and chief executive officer Phil Revien.
No financial details were disclosed.
626 did not respond to HCB News for comment.
Founded in Florida in 2014, 626 is ISO 13485:2016 certified and services all types of scanners developed by various manufacturers for outpatient imaging centers, hospitals and other independent service organizations.
Its sale will further Peak Rock’s stake in the healthcare space, while allowing 626 to build upon its sales and technology initiatives, expand its footprint and continue to make strategic acquisitions to boost growth, said Spencer Moore, managing director of Peak Rock, in a statement. "626 represents a tremendous opportunity to partner with the founders and management of a leading services and maintenance business in the imaging sector, helping to reduce healthcare costs and support high-quality patient care.”
Among 626’s past acquisitions is Walsh Imaging, which services all imaging modalities and is an OEM dealer for Konica Minolta, Del Medical and Fujifilm. It provides service and equipment to nearly 3,000 providers and was sold to 626 in 2017.
626 also acquired depot and on-site repair service provider ISS in 2019; became a parts supplier in 2020 when it purchased PhiGEM; and bought Innovatus Imaging’s CR and DR business the same year.
In December 2021, it added California Radiographics, which expanded its presence out west. CRI services X-ray equipment from major manufacturers for hospitals, medical imaging clinics, chiropractors, orthopedists and veterinarians in most of California.
Other companies it owns are third-party, multi-OEM mammography provider Digitec; and Independence Cryogenic Engineering, which specializes in compressors, cold heads, lines and helium in support of its growing customer base.
"I'm excited to add Peak Rock as a partner, as their resources and expertise will support us in further expanding our imaging services platform,” said 626 co-founder and chief executive officer Phil Revien.
No financial details were disclosed.
626 did not respond to HCB News for comment.