Buyer: US Med-Equip
Seller: Martab Equipment Management Services
Sector: Medical Equipment Rental, Asset Management
US Med-Equip Bolsters Support for Hospitals in Northeast, Across Nation With Martab Equipment Management Services Acquisition
Leading medical equipment provider expanding amid soaring demand for its devices, services
HOUSTON, September 3, 2020 (Newswire.com) – As a record number of hospitals turn to them to bolster supplies of life-saving medical equipment, US Med-Equip (USME)—the fastest growing provider of respiratory, neonatal, infusion and other devices—today announced its acquisition of Northeast industry leader Martab Equipment Management Services (MEMS).
Houston-headquartered USME partners with top hospitals across the nation in the rental, sales, service and asset management of movable medical equipment. The acquisition expands USME’s national reach and support to more healthcare providers throughout the northeast and mid-Atlantic states.
MEMS, based in Allendale, N.J., supports hundreds of hospitals from seven regional branches: Allendale; Plainview, N.Y.; Philadelphia; Pittsburgh; Boston; Baltimore; and Columbus, Ohio.
“We’re excited to welcome MEMS’ dedicated team, which has extensive experience supporting Northeast hospitals working under extraordinary demands. Together, we will help more healthcare providers and the purchasing organizations that support them in taking care of patients in need,” USME President Ed Gay said.
Anthony Marmo, owner and CEO of MEMS, has dedicated his career to delivering medical equipment and services to the Northeast and Mid-Atlantic healthcare community.
“We’re proud to join the US Med-Equip family—one that shares our mission to do whatever it takes to help hospitals give their patients the best care possible,” Marmo said.
USME now has 60,000 devices available for rent at a moment’s notice from 40 locations nationwide, with more on the way.
The M&A market for healthcare companies is strengthening as we enter Q4 and ahead of the upcoming election. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.