by
Gus Iversen, Editor in Chief | October 16, 2024
Frazier Healthcare Partners has acquired imaging parts and service company DirectMed Imaging.
The Seattle-based private equity firm acquired DirectMed from NMS Capital as part of its strategy to expand within the healthcare sector. Financial terms of the deal were not disclosed.
Founded in 2012, DirectMed specializes in MR, CT, and X-ray, and serves healthcare networks, imaging centers, and independent service organizations (ISOs) globally. With over 100,000 parts in stock, the company supports leading brands like GE HealthCare, Siemens Healthineers, Philips, and recently added Canon/Toshiba to its component inventory through the
acquisition of Titanium Medical earlier this year.
In addition to its core business, DirectMed
owns LBN Medical in Denmark
and ScanMed in the U.S., which specialize in reselling imaging equipment and MR coil design and repair, respectively.
With a focus on the healthcare industry, Frazier has raised over $8 billion of capital for private funds and coinvestment opportunities. The company has invested in more than 200 companies over 33 years.
“We are excited to partner with Frazier to build our capabilities in interventional radiology, mammography, and ultrasound modalities, reinforcing our commitment to becoming the one-stop supplier of diagnostic imaging solutions for customers around the world," said Tanner LoRusso, DirectMed Imaging cofounder and VP of sales.
At RSNA 2023, DirectMed
unveiled new branding to better align its ScanMed, LBN Medical, and Technical Prospects subsidiaries.
“[Brad de Koning, CEO of DirectMed], Tanner, and the DirectMed leadership team have built a differentiated company in an increasingly important part of the healthcare ecosystem, and we are thrilled to have the opportunity to partner with them in the company’s next phase of growth,” said Kent Berkley, partner at Frazier. “We look forward to supporting the DirectMed team’s vision with incremental capital and experienced resources, including several members of our Center of Excellence team, to accelerate growth and further solidify its leadership position in the market.”
Financial details were not disclosed.
