Medical Imaging Holdings, Inc., a holding company formed by private equity firm, Galen Partners, has acquired Barrington Medical Imaging, LLC and Echoserve, Inc. The two independent service organizations will create a nationwide network of independent service providers for medical imaging equipment across multiple modalities and vendor platforms.
Although hospitals and imaging centers often contract with the original vendor for servicing their imaging equipment after the warranty period, other independent service providers provide imaging solutions to the medical imaging market.
Barrington Medical Imaging and Echoserve will provide a network of field service, depot repair, parts and proprietary equipment sales, and the sales and installation of refurbished capital equipment. A new name for the combined companies will be introduced later this year.
“In the post-Deficit Reduction Act era and in the face of continued pressure on reimbursement rates, controlling costs is critical for hospitals and diagnostic imaging centers,” said Jeff Soinski, chief executive officer of Medical Imaging Holdings, Inc. in the press release. “By combining the technical capabilities, significant assets and, most important, the talented people of these two successful companies, we are well-positioned to provide high quality, cost-efficient solutions to the medical imaging market.”
Visit www.galen.com, www.echoserve.com, or www.bmimed.com for more information about the acquisitions.
Source: Press Release