DirectMed Parts & Services LLC, which is backed by Mercury Partners, has acquired Longmont, Colorado-based Medical Systems Technologies LLC, a provider of magnetic resonance imaging and computed tomography component level repair and testing. No financial terms were disclosed.
SAN DIEGO–(BUSINESS WIRE)–DirectMed Parts & Service, LLC, a leading medical imaging parts and service company, today announced it has acquired Medical Systems Technologies, LLC, a specialist in magnetic resonance imaging (MRI) and computed tomography (CT) component level repair and testing. DirectMed is owned by Mercury Partners.
Based in Longmont, Colorado, Medical Systems Technologies (“MST”) is the most comprehensive service provider for subassemblies, circuit boards and subsystems for medical imaging equipment. Founded by Bruce Smith, an electrical engineer with 40 years of experience in medical imaging, including 16 years with GE Healthcare, the company is the foremost depot level repair service provider for healthcare networks, independent service organizations and diagnostic imaging parts suppliers.
Both companies are certified and compliant with ISO 13485:2016, the quality management system that meets the most rigorous regulations for the medical device marketplace.
Brad de Koning, CEO of DirectMed Parts & Service, LLC, commented: “In our 10-year history of working together, we have trusted MST with our most complex electronic repair requirements. This acquisition accelerates our plan to vertically integrate and control additional key component repair capabilities and quality metrics. DirectMed will rebrand the MST business, operate the company’s facility in Colorado, retain its employees, and appoint Bruce Smith as our Senior Engineer.”
“DirectMed Parts & Service is the perfect home for Medical Systems Technologies,” said Bruce Smith, MST’s owner. “DirectMed has made a concerted effort to insource more of its imaging parts repair capabilities, so MST is a natural fit. My team will greatly benefit from DirectMed’s larger customer base, financial and operating resources, and commitment to supplying parts and services for the most recent technologies. I look forward to supporting the success of our newly combined customer base.”
Tanner LoRusso, VP of Sales for DirectMed, added: “For MRI, CT and PET/CT systems made by GE, Siemens, Philips and Toshiba, our company now has the ability to perform component level repairs for these additional high failure parts: RF and gradient amplifiers, power supplies and support electronics. We have also expanded our 24/7/365 technical support capabilities for our end-customers, the field service engineers and biomedical engineers.”
About DirectMed Parts & Service, LLC
DirectMed is the most trusted and knowledgeable source for medical imaging parts and services in the industry. Specializing in CT and MRI parts and service, DirectMed works directly with engineers and service professionals to deliver quality parts to customer sites as quickly as possible, minimizing down time of critical equipment. Visit www.directmedparts.com for more information.
About Mercury Partners, LLC
Mercury Partners is a privately funded investment company looking to acquire and operate lower middle-market founder-owned businesses. Mercury’s focus is on U.S. companies with revenue of $10 to $50 million that operate in the business services and healthcare services industries. Visit www.mercfund.com for more information.