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DirectMed Imaging completes acquisition of Titanium Medical Imaging to expand its inventory and expertise

Mar 12, 2024almost 2 years ago

Acquiring Company

Richardson Healthcare

Acquired Company

Titanium Medical Imaging

San DiegoHoustonMedicalManufacturingHealth CareMedical DeviceHealth Care

Description

DirectMed Imaging, the premier supplier of aftermarket medical imaging parts, systems, and training, has announced the acquisition of Houston-based Titanium Medical Imaging. With this acquisition, DirectMed Imaging can now offer customers immediate access to mission-critical inventory for all four major original equipment manufacturers (OEM) and expand engineer training offerings. This acquisition is a strategic step aimed at providing customers with the most robust inventory and technical expertise available for diagnostic imaging parts and systems.

Company Information

Company

Richardson Healthcare

Location

San Diego, California, United States

About

Richardson Healthcare, a division of Richardson Electronics (NASDAQ: RELL), is a global manufacturer of engineered solutions, green energy products, and power grid technology. Its expertise lies in CT X-ray tube manufacturing, training, and parts business, including repaired Siemens Straton Z, MX, and MXP CT X-ray tubes. Richardson Healthcare also offers CT X-ray tubes ALTA750 and ALTA 750G. Richardson Electronics is a global manufacturer of engineered solutions and green energy products.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed