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US Med-Equip Acquires Medical Support Products, Industry Leader in Northeast, as Demand From Hospitals Reaches Record Rate
HOUSTON, April 11, 2019 /PRNewswire/ -- In a move that increases the number of medical devices available at a moment's notice for hospitals nationwide, Houston-headquartered US Med-Equip today announced it acquired Medical Support Products.
The acquisition will accelerate US Med-Equip's national expansion and bolster its capability to provide services to a larger footprint of hospital providers. US Med-Equip partners with top hospitals across the nation to collectively provide more than 35,000 of the highest-quality pieces of equipment — including respiratory, neonatal, infusion and other devices — to improve patients' health. The Medical Support Products acquisition marks a planned $100 million investment over the next five years in US Med-Equip's growing movable medical equipment fleet value and the technology to support it.
Lancaster, Pennsylvania-based Medical Support Products is a leading provider of hospital respiratory device sales, movable medical equipment rentals and biomedical repair services to hospitals and long-term acute care centers in the Northeastern U.S.
"Medical Support Products' team shares US Med-Equip's mission to provide the best devices to support hospital and homecare partners in their life-saving work," US Med-Equip co-founder and Chief Development Officer Greg Salario said.
Medical Support Products' headquarters will serve as US Med-Equip's Northeast hub, its 30th facility to support an expanding number of hospital partners across the nation.
"US Med-Equip's company culture is driven by their leadership and employees' shared purpose to support the important work healthcare providers do every day to help patients heal. We couldn't be more excited to be a part of this extraordinarily committed team," said Nelson Shertzer, Medical Support Products founder and CEO. "As part of the US Med-Equip family, we are significantly expanding our infrastructure, technology, resources and healthcare solutions — all to do more for healthcare providers who entrust us to support them and patients in their care."
US Med-Equip uses proprietary technology proven to help healthcare providers efficiently use, inventory and manage medical equipment, which helps hospitals reduce operating costs and apply savings to staffing and other critical needs.
"We're excited to welcome Medical Support Products' dedicated team and, together, help hospital systems and the purchasing organizations which support them set patients on the road to recovery," US Med-Equip President Gurmit Singh Bhatia said.
MEDIA CONTACT: Kristy Gillentine, 281.220.6861 ext. 704, email@example.com
SOURCE US Med-Equip