From the August 2022 issue of HealthCare Business News magazine
“They do not have a manufacturing presence as we do, and they will now have access to our products and innovation. We view this as a complementary transaction that offers potential for future growth,” said Sizewise CEO Brain Frickey. He adds that more news on the combination of both companies is expected to follow the completion of the deal.
Headquartered in Minneapolis, Agiliti serves more than 7,000 national, regional and local acute care and alternate site providers across the U.S.
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The deal has been approved by both companies’ boards of directors and is subject to customary closing conditions.
Cool Pair Plus to join Avante's family of companies
It was back in March 2021 when Cool Pair Plus, which sells, services, refurbishes and repairs MR cryogenic equipment, announced it would be joining the Avante Health Solutions family of companies.
“We anticipate that Cool Pair Plus will immediately provide accelerated growth within the Avante Diagnostic Imaging platform,” said Avante in a statement.
Avante’s diagnostic imaging services include on-site repair, discounted OEM-compatible parts, equipment upgrades, remote diagnostic tools, equipment planning and logistics, a technical hotline and mobile storage. The company has businesses specializing in ultrasound, surgical equipment, rental services, patient monitoring, oncology and diagnostic imaging.
In 2018 the company acquired refurbisher Ultra Solutions to expand its capabilities and footprint in the ultrasound market, as well as its inventory of parts, probes and ultrasound systems. The same year, it partnered with Equipment Maintenance Solutions (EMS) to expand its footprint into MR and CT service, sales, parts and rentals.
Cool Pair Plus offers exchange and repair services for MR coldheads, compressors, adsorbers, and helium flex lines for major manufacturers, and provides on-site MR magnetic service, including turnkey installations for these solutions. It also has a history of consolidation, having acquired the Tripwire MR monitoring product line from Simplexable in 2018. It described it at the time as "an important addition" to its existing da Vinci Remote Magnet Monitoring System.
Coor Pair Plus will continue to operate at its current site in Algonquin, Illinois. It is ISO 13485:2016 certified like other Avante companies.
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