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Top five acquisitions of 2017

por John R. Fischer, Senior Reporter | January 03, 2018
Business Affairs

The purchase, completed in October, provides Merry X-ray with Consensys’ scalable model to continue its expansion as a company and to absorb existing service needs, including ones already outsourced back to OEMs. It also certifies Merry X-ray with ISO9001 and ISO13485 under the International Organization for Standardization (ISO).

Consensys customers also benefit, with access to X-ray equipment distribution, sales of refurbished equipment, certain product lines and the inclusion of services offered by Merry X-ray in their existing contracts.

The deal builds upon another acquisition completed in September of Universal Medical Systems, a supplier of MR and CT imaging and one that holds expertise in robotic CT systems and high-field MR.

Both these purchases should be noted not just for their multiple assets, however, but as part of an emerging trend, consisting of a greater number of acquisitions and mergers taking place within the third-party service industry and one that is likely to continue in 2018.

“When you look at the big three manufacturers, GE, Siemens and Philips, I think it’s pretty clear they haven’t been growing rapidly because there’s been this uncertainly in the market,” Jim Spearman, the CEO and president of Consensys, told HCB News. And I think in the third parties, you’re seeing that continue to trickle down, and now the industry is worried for digital consolidation.”

Alpha Source acquires BC Technical

Acquiring the latest medical equipment is on every provider’s radar year round. But in balancing pricing, budgets and patient needs, it’s also important to preserve what you already have.

That’s what made Alpha Source’s acquisition of BC Technical a great asset in 2017, enhancing Alpha’s ability to cater to the marketing needs of health care organizations seeking to expand the life of their devices, much of which is estimated to be approximately 20 years old.

Alpha Source's acquisition of BC Technical
allows it to expand the lives of provider's
medical equipment, much of which is
approximately 20-years old

“By offering a full [range] of imaging modality services, plus parts and training, we can help customers extend the life of their medical equipment,” Rick Lytle, the CEO of Alpha Source and BC Technical, told HCB News. “Further, because of the rapidly consolidating health care marketplace, with systems and hospitals and imaging centers becoming bigger, we’re in a better position, given our nationally-scaled footprint, to service larger customers, including our OEM and asset management partners.”

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