The deal will strengthen Modular Devices' position in the US mobile imaging market of mobile cardiac cath, peripheral vascular, electrophysiology (EP), and mobile CT labs
Modular Devices has acquired Cardiac Services Mobile. (Credit: ZahidJavali from Pixabay)
Modular Devices, a US-based provider of mobile and modular medical imaging equipment labs and cleanroom solutions, has acquired mobile cath lab firm Cardiac Services Mobile.
The deal will strengthen Modular Devices’ position in the US mobile imaging market of mobile cardiac cath, peripheral vascular, electrophysiology (EP), and mobile CT labs.
It will allow for enhanced efficiency and digital x-ray system updates in the interim lab fleet, as well as better access to secure and dependable high-quality interim lab solutions for healthcare facilities.
Modular Devices, situated in Indianapolis, Indiana, offers a fleet of temporary interim cath, IR, EP, and CT laboratories to hospitals, ambulatory surgical centres (ASCs), and outpatient-based labs (OBLs).
Interim labs by Modular Devices add value to healthcare facilities of all sizes by removing the guesswork about how to continue services during imaging lab renovations and how to start up or expand a service line.
Modular Devices CEO Greg Mink said: “Following on the heels of the recent acquisition of Modular Devices by O2 Investment Partners in Bloomfield Hills, Michigan, this is the first step of our strategic plan to grow our market share and product offering.
“The addition of Cardiac Services Mobile allows us to meet the market demands of our growing customer base as we upgrade the imaging capabilities in Cardiac Service’s mobile labs. The acquisition adds nearly 33% more capacity to our existing infrastructure.”
Modular Devices also offers Mobile Labs (coach on wheels) and bigger Modular Labs.
The smaller Mobile Labs are suitable for more sophisticated processes and longer-term lengths of 6-12 months or longer, while the larger Modular Labs are appropriate for longer-term lengths of 6-12 months or longer.
In January this year, US-based private equity firm O2 Investment Partners announced new investment in Modular Devices to support the company’s continued growth.
Founded in 1987, Modular Devices provides healthcare systems with medical imaging solutions across different imaging modalities, through short- and long-term leases.