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M&A: TRIMEDX Acquires Surplus Medical Equipment Company Centurion Service Group

by Jasmine Pennic 12/02/2020 Leave a Comment

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TRIMEDX Acquires Surplus Medical Equipment Company Centurion Service Group

What You Should Know:

– TRIMEDX announced the acquisition of Centurion Service Group, a full-service medical equipment re-seller, to expand its Clinical Asset Management offering.

– The added capabilities of Centurion will allow TRIMEDX clients to gain maximum value from their excess medical equipment through Centurion auction services, positively impacting operational expenses, maximizing resources to improve patient care, etc.

TRIMEDX, a provider of clinical engineering, medical device cybersecurity and clinical asset management solutions to healthcare providers, today announced the acquisition of Centurion Service Group, a full-service surplus medical equipment management company, to expand its Clinical Asset Management offering. The added capabilities of Centurion will allow TRIMEDX clients to gain maximum value from their excess medical equipment through Centurion auction services, positively impacting operational expenses, maximizing resources to improve patient care and optimizing clinical asset capital spend while also supporting environmental sustainability of dispositioned medical equipment.

Acquisition Expands TRIMEDX’s Clinical Asset Management Solution

Centurion Service Group is a medical equipment lifecycle company, partnering with hospitals and surgery centers to unlock and extend the value of their surplus medical equipment. Centurion provides a hassle-free, full-cycle, service-focused solution, working with hospitals and other healthcare facilities to create strategies for surplus equipment liquidation; to pick up, transport, warehouse and sell surplus devices; and to maximize the value of surplus equipment by turning it into new equipment, refurbished equipment or essential services. Centurion operates surplus medical equipment auction house and provides complete medical equipment surplus management for healthcare facilities, including certified appraisals, trade-in value verification, asset and facility inventories, relocations, and closures.

TRIMEDX’s acquisition of Centurion Service Group will enhance TRIMEDX’s clinical asset management and informatics solutions, which currently include clinical asset benchmarks and TRIMEDX’s proprietary RUDR SCORE℠, by leveraging Centurion’s proprietary medical equipment pricing data and adding a marketplace that enables clients to identify assets available for reallocation across all their sites of care or to ultimately sell excess medical equipment through an integrated e-commerce platform.

“COVID-19 has accelerated changes for our healthcare providers. They are adopting new models of care and increasingly need innovative partners that can adapt to support the needs of their business today and support future plans across all of their sites of care,” said TRIMEDX CEO Henry Hummel. “With the addition of Centurion, TRIMEDX clients can maximize the value they receive for excess medical equipment through worldwide auctions—freeing up space for immediate-need equipment—while Centurion clients will benefit from access to increased inventories of high-quality equipment and the trusted stamp of quality associated with TRIMEDX maintained medical equipment.” 

As part of the acquisition, Centurion Service Group will operate as a subsidiary of TRIMEDX, continuing the services, commercial offerings, and cadence of auctions that clients experience today.

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Tagged With: Cybersecurity, Healthcare Mergers & Acquisitions, Medical Device, Medical Device Cybersecurity, Partners, Patient Care

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