by
Jean B. Grillo, Reporter | December 11, 2007
Dan Mulvihill, president
of RD Medical.
A trio of varying career paths spanning over 40 years has taken Dan Mulvihill a long way, most recently to the presidency of his own very small company, RD Medical, which sells and brokers medical equipment while also doing consulting and appraising for banks, medical equipment and leasing companies.
"I just didn't want to relocate or commute anymore and having my own company is something I can grow into retirement," Mulvihill says. Right now, the four-year-old company has a staff of two, Mulvihill and his wife, and is based out of his home in Crete, IL, 35 miles south of Chicago.
"After years working in hospitals, offices and on airplanes, the toughest part is focusing beyond all the interruptions," Mulvihill laughs, while a grandchild is heard briefly in the background. But he's quite serious about the depth of his own expertise.
"What sets me apart is my reputation and experience," he explains. "A lot of people in this business know my background."
Mulvihill originally trained as a radiological technician right out of high school. He then spent four years in the Marines, then 20 years as a hospital radiology administrator and 25 years as an asset manager for lending companies such as Linc Financial Services, forecasting the worth of leased medical equipment and its value for resale.
"Today, I help banks and others lease and finance equipment, doing fair market value and appraisals. I have to predict pretty accurately," he adds.
RD Medical keeps very little inventory on hand, mostly working to move from one owner to the next. He has seen many changes in the used medical equipment field over the past 40 years.
"The Internet has been the biggest change," he notes. "Thirty years ago, a lot of used equipment just got sold for scrap. DOTmed is a big part of that change."
Now, Mulvihill is looking beyond the U.S. to clients in Africa, specifically Senegal. "The Northwest Coast of Africa is going to be a rich market," he says, but prefers to keep the details to himself right now.
"I don't want to alert the competition," he says.
