Berkshire Partners LLC, a Boston-based private equity firm, is providing growth capital to Masterplan, Inc. and ReMedPar, Inc. to help continue their demonstrated record of strong growth and customer service. Masterplan provides service, maintenance and asset management for a wide range of medical equipment to hospitals, integrated health systems and patient facilities. ReMedPar is the leading independent provider of sourced and refurbished medical equipment parts. Terms of the transaction were not disclosed.

Founded in 1974 and headquartered in Chatsworth, California, Masterplan provides superior outsourced repair and maintenance services to medical facilities for diagnostic imaging machines including MRIs, CT scanners, and cath labs, and for biomedical equipment including sterilizers, anesthesia equipment and lab equipment. Masterplan's highly-qualified staff of imaging and clinical engineers and technical support personnel is distinguished by its unbiased technology assessment, consulting and regulatory compliance assistance.

Masterplan also offers a proprietary software system, I-Desk, which provides real-time detailed information to hospital administrators on the status and performance of equipment via the Internet. In addition, I-Desk allows Masterplan to effectively monitor its field organization to ensure that issues are resolved in a timely and cost efficient manner. Masterplan also has remote diagnostic capabilities where a technician can view scans and equipment performance on a real-time basis to help diagnose equipment problems, whatever their location.
"Our investment in Masterplan couples Berkshire's significant investment experience in the business service sector with our continued interest in investing in companies with a proven track record of growth and stability," said Randy Peeler, Managing Director for Berkshire Partners. "Masterplan provides an invaluable service by providing one source of maintenance and repair for virtually all of the thousands of pieces of medical equipment in a hospital. Through contracting with Masterplan, hospitals are able to significantly reduce their operating budgets. The Company is well-positioned to support the growth of its current customer base as well as pursue new opportunities."

As part of the transaction Berkshire Partners will also invest in ReMedPar. ReMedPar is the largest independent provider of multi-vendor sourced and refurbished parts for medical equipment in the world and generates significant savings for healthcare organizations.

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