DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story

starstarstarstarstar (1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

 

More Industry Reports

Patient Monitors – Fighting alarm fatigue, EMR integration and going wireless A look at what's new from a range of manufacturers

C-arm sector features new models, improvements in technology Flat-panel detectors are driving the market

OEMs roll out new offerings for special procedures Numerous developments in the cath/⁠angio market

RTLS market for health care to exceed $3 billion by 2022 A guide to what's new and what's coming next

PACS and RIS: Surviving a consolidated enterprise in the EMR era Managing imaging data under the EMR umbrella

Ex-Ohio State University radiologist wins $100,000 discrimination lawsuit Cited 'criticism and unattainable productivity demands'

Bearing the load: What to consider when installing ceiling-mounted equipment An imaging department needs more than operational expertise

Bringing it all in-house: Intermountain Healthcare blazes the trail in Utah, Idaho Cut costs by $8 million over four-year period

Hospitals can save millions of dollars with MES contracts Long term contracts with OEMs offer big advantages to facilities ready to commit

Will retirements produce stress for service training? Keeping equipment humming as HTMs become fewer

Parts inventory
at C&G Technologies.

Special report: Acquisitions rife in medical parts industry

by Diana Bradley , Staff Writer
From the August 2012 issue of DOTmed HealthCare Business News magazine

Mergers and acquisitions have always been routine in the medical equipment parts sector, but experts note a major surge in recent years. It has become increasingly evident that unless a company has a niche model that is not easily duplicated, it has difficulty competing against those with greater resources.

Story Continues Below Advertisement

UNFORS provides high quality non-invasive diagnostic test meters

UNFORS CONCEPT: ACCURATE RESULTS, 10 SECONDS TO LEARN and POCKET SIZED. The new Unfors Xi Platinum features Dose, HVL, kVp,Time in ONE EXPOSURE. More products available.



“When you think about it, parts are a critical component of daily operations for a service provider,” says Mark Suffridge, vice president and general manager of ReMedPar Inc., a centralized source for quality assured diagnostic imaging parts and technical support. ReMedPar acquires systems from around the world and utilizes rigorous ISO-90001:2008 certified processes to test and qualify parts before placing them in finished goods.

“It is only natural that service organizations would look to acquire or merge with parts organizations as a way to enhance their own supply chain,” he adds.

Recent mergers and acquisitions include the ARAMARK Healthcare/MasterPlan Inc./ReMedPar merger and the Philips Healthcare/AllParts Medical acquisition. Additionally, this year alone, BC Technical Inc., a large third-party dealer and servicer of molecular imaging equipment and parts, acquired three companies: Consus Medical Imaging, Xpert, Inc. and RA services, Inc.

“I am seeing service organizations buying parts companies to bring as much in-house as they can,” says Ken Smith, executive VP of sales and service for BC Technical. His company stocks around 40,000 parts in inventory.

He says the increase in acquisitions has occurred largely during the last two to four years. “When you look at who is doing the buying – for example, Philips and ARAMARK – it is about controlling the parts. Parts are a high margin business, and so if they can control those parts, they can control the cost of services.”

ARAMARK is shifting its focus from being an asset manager to diagnostic imaging and providing the services directly, so the company wants to have field engineers and parts, and Philips is doing the same thing, according to Smith.

“All of the original equipment manufacturers (OEMs) are looking for additional channels for service revenue,” adds Smith. “They are seeing the service revenue go down because of competition and pricing pressures from the economy, so they are looking outside of their core businesses. For instance, GE Healthcare is looking to service Siemens Healthcare and Philips’ equipment.”
  Pages: 1 - 2 - 3 - 4 - ... >>

Related:


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2017 DOTmed.com, Inc.
ALL RIGHTS RESERVED