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BC Technical acquires MEDX

by Loren Bonner, DOTmed News Online Editor | June 13, 2013
BC Technical Inc., a molecular imaging solutions provider based in Salt Lake City, Utah, officially announced at the annual SNMMI show in Vancouver this week that the company has acquired MEDX LLC, a distributor of new and refurbished molecular imaging equipment.

MEDX was considered the number two player in the U.S. in molecular imaging refurbishment.

This is the sixth acquisition by BC Technical over an 18 month period, according to Mark Alvarez, president and CEO of BC Technical.

"There’s an alternative now to OEM pricing on parts, service contracts and systems, and I’m trying to build the biggest, best, most credible, high-quality, alternative, national, multi-OEM [service provider]," said Alvarez to DOTmed News.

In January, BC Technical acquired Genesis Medical, a CT, MRI and PET/CT service specialist. It was the first non-molecular imaging acquisition by the company. Including MEDX, other molecular imaging companies BC Technical has bought include Xpert, RA Services, NC Systems and Consus, according to Ken Smith, executive vice president of sales and services at BC Technical.

Alvarez said these deals will give the company a 20 percent share of all nuclear medicine systems in the U.S. under BC Technical's service umbrella.

Alvarez said he will continue acquiring more CT, MR, nuclear medicine and PET service companies going forward. "There are a lot of deals to be done." he said.

The terms of the agreement with MEDX were not disclosed.

Ted Huss

BC Tech Acquisition Program

June 13, 2013 12:16

There was little enough real competition in the refurbished NM/MI market as it was. Consolidation in any industry has a point where it means price increases, not constraint due to competition. Both of these companies competed well against each other and are known for the reliability/quality of their product and service. Will this acquisition mean better pricing for dealers and lower costs for end-users? Or, the reverse? (ps:I have done business with both and was very satisfied).

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