The Acquisition of a Majority of Richardson
Healthcare Strengthens DirectMed Imaging’s Position as the Leading
Canon/Toshiba Aftermarket Parts Supplier
DirectMed Imaging, a leading supplier of aftermarket medical
imaging parts, systems, and training, today announces the
acquisition of Richardson Healthcare’s Fort Mill, SC operation.
Richardson Healthcare is a division of Richardson Electronics
(NASDAQ: RELL).
DirectMed’s acquisition expands its Canon/Toshiba MRI and CT
parts expertise and inventory breadth. The purchase also allows
DirectMed to enter the Canon/Toshiba CT training market for
engineers and biomedical professionals, as well as become the
exclusive global distributor for Richardson Electronics repaired
Siemens Straton Z, MX, and MXP CT X-ray tubes. Additionally,
DirectMed will now be the exclusive global distributor for the
ALTA750 and ALTA 750G CT X-ray tubes.
DirectMed’s customers will benefit from Richardson Electronics’
world-class X-ray tube manufacturing infrastructure, engineering
talent, and expertise that repairs Siemens X-ray tubes, a
highly-valued offering in the marketplace.
“DirectMed has spent five years making strategic investments and
now six acquisitions that bring our customers excellence in
inventory and service,” said Brad de Koning, DirectMed Imaging CEO.
“Richardson Healthcare has built an impressive CT X-ray tube,
training, and parts business. We are excited to have their
expertise, solutions, and inventory under our roof and to
strengthen our Canon/Toshiba aftermarket parts offerings.”
“Hospitals and service organizations cannot waste time when
their engineers need parts or support to keep mission-critical
diagnostic imaging machines up and running,” said Tanner LoRusso,
Chief Commercial Officer for DirectMed Imaging. “Our customers have
come to know us as a dependable partner to help solve their most
difficult needs quickly and efficiently. The acquisition of
Richardson Healthcare is the latest milestone of DirectMed’s to
invest in the needs of our customers’.”
"We recognize that our customers operate in an industry where
efficiency and cost-savings are intertwined with quality patient
care,” said Nicholas Richardson, Richardson Healthcare global
senior sales and business operations manager. “By joining the
DirectMed family, we are creating more enhanced, innovative, and
compelling solutions for new and existing clients. Together, we can
deliver a level of expertise and inventory that neither brand could
have achieved on its own.”
DirectMed is backed by private equity firm Frazier Healthcare
Partners.
About DirectMed Imaging:
DirectMed Imaging is a leading aftermarket diagnostic imaging
parts, systems, and service provider. With over 100,000 parts in
stock, the company repairs, supports, and sells GE, Siemens,
Philips, and Canon/Toshiba MRI, CT, and X-ray parts to healthcare
networks, imaging centers, and independent service organizations
(“ISOs”) around the world. DirectMed also owns LBN Medical ApS,
based in Aalborg, Denmark, a leading reseller of aftermarket
medical imaging equipment and parts to customers around the world;
and ScanMed, LLC, a leader in MRI coil design, manufacture, and
repair. For more information, visit www.directmedimaging.com.
About Frazier Healthcare
Partners:
Founded in 1991, Frazier Healthcare Partners is a private equity
firm focused exclusively on the healthcare industry. Since its
inception, Frazier has raised over $11 billion of capital for
private funds and co-investment opportunities and has invested in
more than 200 companies over 33 years. Frazier has a philosophy of
partnering with strong management teams while leveraging its
internal operating resources and network to build exceptional
companies. Frazier is headquartered in Seattle, WA, with an office
in New York City (opening June 2025), and invests broadly across
the U.S., Canada, and Europe. For more information about Frazier,
visit www.frazierhealthcare.com.
About Richardson
Electronics:
Richardson Electronics is a global manufacturer of engineered
solutions, green energy products, power grid and microwave tubes,
and related consumables; power conversion and RF and microwave
components, including green energy solutions; high-value
replacement parts, tubes, and service training for diagnostic
imaging equipment; and customized display solutions. Approximately
50% of its products are manufactured in LaFox, Illinois,
Marlborough, Massachusetts, or Donaueschingen, Germany, or by one
of its manufacturing partners throughout the world. They serve
customers in the alternative energy, healthcare, aviation,
broadcast, communications, industrial, marine, medical, military,
scientific, and semiconductor markets. The Company provides
solutions and adds value through design-in support, systems
integration, prototype design and manufacturing, testing,
logistics, and aftermarket technical service and repair through its
global infrastructure.
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version on businesswire.com: https://www.businesswire.com/news/home/20250124591575/en/
DirectMed Imaging Contact: Kurtis Waddell Growth Marketing
Manager kwaddell@directmedimaging.com
Richardson Electronics (NASDAQ:RELL)
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