by
Barbara Kram, Editor | October 02, 2009
Synergies for the new dual organization include use of proprietary technologies, including a vendor-neutral remote monitoring capability, unique repair capabilities, and the deployment of a national network of highly experienced field service engineers.
"Medical Imaging Holdings will help customers reduce their service costs and enhance service quality levels. By providing an enhanced service offering across multiple modalities, including ultrasound, mammography, CT, MRI and patient physiological monitoring, MIH's customers can consolidate their service needs to one best-in-class imaging solutions provider," Jahns told DOTmed News in an e-mail interview.
Additional acquisitions may occur as MIH seeks to "build the pre-eminent third party service provider for medical imaging equipment across multiple modalities and vendor platforms. MIH will pursue opportunities that further differentiate the combined company's service offerings and technical capabilities," Jahns indicated.
The infusion of investor capital and the resulting integrated delivery organization could be a model for the U.S. health care technology sector.
"There seems to be a trend toward consolidation in health care," Cone observed, "Private equity is being invested in the medical industry, in quality companies at good prices," he said.
Galen Partners, a leading health care private equity firm, formed Medical Imaging Holdings, Inc., led the transactions and made a significant investment of growth capital.
Galen is no stranger to these deals. MedAssets, Pyxis, and Chamberlin Edmonds are examples of past investments in technology-enabled service platforms. Specifically, MedAssets (NASDAQ: MDAS) is the largest for-profit group purchasing organization providing a full-service procurement and revenue cycle management service to hospitals, integrated networks and the alternative sites of healthcare delivery. Chamberlin Edmonds provides revenue recovery services to hospitals, managed care plans and state governments. Pyxis manufactures automated medication, and supply and information management systems for hospitals, nursing homes, and other health care facilities.
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