Over 1500 Total Lots Up For Auction at Four Locations - NJ Cleansweep 02/29, TX 03/01, NC 03/05, OH 03/06

Sentinel Capital acquires TTG Imaging Solutions

by John R. Fischer, Senior Reporter | December 30, 2021
Business Affairs Molecular Imaging Parts And Service
Sentinel Capital has acquired TTG Imaging Solutions
Private equity firm Sentinel Capital has acquired TTG Imaging Solutions, provider of nuclear medicine and molecular imaging solutions for cardiology and oncology patients.

As part of the deal, Sentinel will provide capital to help TTG expand its business. In exchange, ownership of TTG’s maintenance and repair services, clinical staffing and radiopharmaceuticals will fall under Sentinel, along with three equipment repair centers and three radiopharmacies operated by TTG for providers across 46 states.

“TTG, since March of 2019, has been executing on a strategy of bringing together organizations involved in all aspects of diagnostic and molecular imaging who share a common thread of customer centric service. Additionally, we have been effectively expanding through strategic hiring in certain regions of the country. Sentinel agrees with the vision that our management team has been executing on and has the financial capital and expertise to support us in that journey,” Matt Mastarone, president and CEO of TTG, told HCB News.
stats
DOTmed text ad

Your Centrifuge Specialty Store

Quality remanufactured Certified Centrifuges at Great prices! Fully warranted and backed by a company you can trust! Call or click for a free quote today! www.Centrifugestore.com 800-457-7576

stats
With Sentinel’s financial backing, TTG will continue to expand its footprint and reach among various modalities in the markets it serves through both organic and inorganic growth. It says the acquisition will not affect its employees or customers.

TTG offers solutions for SPECT, SPECT/CT, PET, CT and PET/CT. Among its radiopharmaceutical solutions are cardiac imaging agents, custom-compounded iodine therapy and a complete line of products used in general imaging. For cardiac imaging, it offers turnkey nuclear, echo and vascular testing programs that provide an outsourced model to aid physician practices and health systems.

TTG also provides upgrades for nuclear medicine and molecular imaging equipment, equipment relocations, on-site training and continuous clinical applications support, and third-party sales, repair, refurbishment and installation services for medical imaging devices.

Sentinel, meanwhile, has extensive experience in third-party equipment sales and service in a variety of end-markets, both in and outside of healthcare. The company has invested in a number of third-party companies, including New Era Technology for IT solutions, Mobile Communications America for networked communications, and UBEO for document management.

Since its founding 2004, TTG has acquired nine companies that have expanded its geographic coverage and added on new technical capabilities. This includes Southwestern Imaging Systems & Services (SWISS), a medical imaging equipment, parts, and service company that specializes in gamma camera and PET equipment sales, service, and turnkey services. It acquired the company, based in Houston, in November 2020.

It also recently acquired Medical Imaging Technologies in Ohio, which brought to it a robust customer base in the Midwest, along with a strong group of field service engineers. As part of this deal, TTG also shook up its executive leadership to further drive growth in the company.

"The TTG team has developed an impressive growth playbook, and we are thrilled to provide them the capital and support to significantly expand the business. We look forward to working with TTG's talented team as they enter their next chapter of growth,” said Paul Murphy, a Sentinel partner, in a statement.

Financial details for the deal were not disclosed.

You Must Be Logged In To Post A Comment