Medical Imaging Holdings, Inc., a holding company formed by Galen Partners, has acquired the businesses of Barrington Medical Imaging, LLC and Echoserve, Inc., DOTmed News has reported. The acquisition date was September 18, 2009. The deal structure and financial terms have not been disclosed.

The new, combined company creates a nationwide, independent service provider for medical imaging equipment across multiple modalities and vendor platforms. The integrated company will provide comprehensive imaging solutions to the medical imaging market, including field service, depot repair, parts and proprietary equipment sales, and the sales and installation of refurbished capital equipment. With ISO-accredited, in-house depot repair capabilities in each modality and experienced field engineers in major metropolitan areas with superior service response terms compared to the OEMs, MIH will have a strong customer value proposition with clear differentiation from the competition.

"The cost-savings value proposition to health care providers from third party service of imaging equipment is compelling given the foreseeable reimbursement outlook. In the post-Deficit Reduction Act era and in the face of continued pressure on reimbursement rates, controlling costs is critical for hospitals and diagnostic imaging centers," said David Jahns, Managing Director, Galen Partners, Stamford CT. "By combining the technical capabilities, significant assets and, most important, the talented people of Echoserve and Barrington, Medical Imaging Holdings is well positioned to provide high quality, cost-efficient solutions to the medical imaging market."

"It's exciting that Echoserve, with our focus on ultrasound and mammography has joined forces with Barrington and their nationwide CT and MR imaging services," said Christopher Cone, Echoserve CEO, and COO of the new company.

For now, the two firms will continue to operate under their distinctive names, although the companies will become unified and rebranded together--probably by year's end, according to Jahns.

Senior management of Barrington Medical Imaging and Echoserve will remain an integral part of the combined company's leadership team. "Barrington and Echoserve have highly complementary workforces with little redundancies. As such, MIH plans to retain the majority of the employees in the integration process," Jahns noted.

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