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Eight big M&A stories in the parts and service industry

August 28, 2022
Parts And Service
From the August 2022 issue of HealthCare Business News magazine

626 also acquired depot and on-site repair service provider ISS in 2019; became a parts supplier in 2020 when it purchased PhiGEM; and bought Innovatus Imaging’s CR and DR business the same year.

In December 2021, it added California Radiographics, which expanded its presence out west. CRI services X-ray equipment from major manufacturers for hospitals, medical imaging clinics, chiropractors, orthopedists and veterinarians in most of California.

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Other companies it owns are third-party, multi-OEM mammography provider Digitec; and Independence Cryogenic Engineering, which specializes in compressors, cold heads, lines and helium in support of its growing customer base.

"I'm excited to add Peak Rock as a partner, as their resources and expertise will support us in further expanding our imaging services platform,” said 626 co-founder and chief executive officer Phil Revien.

No financial details were disclosed.

Christie Innomed acquires U.S. company Comp-Ray
Christie Innomed, one of Canada's largest independent healthcare companies, announce in June that it is entering the U.S. market with the acquisition of medical imaging hardware and software solutions company, Comp-Ray, which offers multi-vendor sales and service solutions throughout the southwestern U.S. from its headquarters in Arizona.

This acquisition was meant to continue Christie Innomed's goal of improving health and safety in patient care by becoming the largest independent healthcare company in their industry. The combination of these two leaders will provide their customers and suppliers with access to a broader portfolio of solutions, from a common interest in prioritizing respect, honesty, and integrity in business.

For more than 40 years, Comp-Ray has offered a complete range of multi-vendor equipment solutions in the medical imaging sector with MR, CT, angiography and PACS solutions.

"This new acquisition will allow us to continue to develop our wide range of solutions, optimize our supply chain and always offer more to our customers and partners," said Martin Roy, president and CEO of Christie Innomed, in a statement at the time. "The addition of these additional expertise and teams will contribute to our "Mission and Vision" of excellence which leads us to imagine more by providing access to world-class innovations and technologies for the benefit of patients," he continued.

Founded in 1954, Christie Innomed has over 200 dedicated specialists serving more than 1,500 hospitals and clinics, supported by eight offices and business locations across Canada.

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