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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

Last year, it acquired ultrasound equipment service provider, Tenvision, which gave that firm's customers access to the world’s largest inventory of new and used diagnostic imaging equipment.

Also in 2021, the company acquired Florida-based SonoDepot, a third-party ultrasound service, maintenance, and repair organization.

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Earlier in the year, Probo bought U.K.-based Mount International United Services, which offers third-party services, repairs and maintenance for medical imaging equipment in Great Britain, including ultrasound, CT, MR and X-ray.

In 2019 it acquired Trisonics, which specialized in the sale of ultrasound devices, including the resale of 2D, 3D/4D and transesophageal ultrasound probes.

In 2018, Probo merged with MedCorp. That deal made the combined company the industry's largest ultrasound equipment reseller at the time.

DirectMed acquires LBN Medical, expands internationally
DirectMed Parts & Services, an independent medical equipment parts supplier specializing in MR and CT, is expanded its offerings overseas through the acquisition of LBN Medical in February.

Based in Denmark, LBN resells complete aftermarket diagnostic imaging systems and parts from over 15 manufacturers, including Canon, GE, Hologic, Siemens and Philips. It has over 50 employees in Denmark and Egypt.

Under DirectMed, LBN will have access to greater diversity of parts and technical support, while supporting DirectMed's ability to extend the life of medical imaging equipment to help providers improve access, reduce waste and lower healthcare costs.

"Step one is for DirectMed to begin supplying LBN Medical’s Danish facility with MR and CT parts to support Siemens, Philips, GE and Toshiba systems. Our respective operational teams have already begun the planning and execution process to support LBN’s global customer-base with our critical parts. Step two is for LBN to help us build out our system sales capabilities here in the U.S. across ultrasound, mammography, X-Ray, MR and CT," Tanner LoRusso, VP of sales at DirectMed, told HCB News.

LBN’s distribution team speaks 21 different languages, has negotiated deals in 60 countries and has experts who specialize in servicing seven modalities. It is expected to bring system sales to DirectMed's customer base. In exchange LBN employees will be able to stock and access over 10,000 unique part numbers for support.

DirectMed has over 60,000 parts in stock and repairs, supports and sells equipment from GE, Siemens and Philips to healthcare networks, imaging centers and ISOs worldwide. The company gained ISO 13485:2016 certification in 2018 for MR and CT parts and service.

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