Modular Devices Acquisition, a portfolio company of Bloomfield Hills’ O2 Investment Partners and a provider of mobile catheterization (cath) labs and cleanrooms, has announced the acquisition of Cardiac Services Mobile Inc. in Nashville. Terms of the transaction were not disclosed.
The acquisition builds on Indianapolis-based Modular Devices’ position as a provider of mobile cardiac cath, peripheral vascular, electrophysiology (EP), and mobile CT labs for the rapidly growing mobile imaging market in the U.S.
“Following on the heels of the recent acquisition of Modular Devices by O2 Investment Partners in Bloomfield Hills, this is the first step of our strategic plan to grow our market share and product offering,” says Greg Mink, CEO of Modular Devices.
“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 percent more capacity to our existing infrastructure.”
Modular Devices imaging division provides a comprehensive fleet of temporary interim cath, IR, EP, and CT labs serving the hospital, ambulatory surgery center (ASC), and outpatient-based lab (OBL) markets.
Modular Devices’ interim labs helps health care facilities take the guesswork out of how to continue services during imaging lab renovation projects, and how to start-up or expand a service line when no space is available inside the current footprint of the health care facility.
The addition of Cardiac Services Mobile’s interim cath lab fleet and team is expected to complement and strengthen Modular Devices’ mobile imaging business. The combination will allow for increased efficiencies and newer digital x-ray system upgrades to the interim lab fleet, while providing health care facilities with better access to safe and reliable high-quality interim lab solutions.
Mobile Labs are used primarily as short-term solutions lasting two-to-five months while the larger Modular Labs are utilized for more complicated procedures and longer-term lengths of six to 12 months or longer.
To read about O2’s initial acquisition of Modular Devices, click here.
To learn more about Cardiac Services Mobile Inc., visit cardiacservicesinc.com.