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The investment will help PartsSource continue to accelerate its growth trajectory, broaden its solutions portfolio, and expand its marketplace platform, according to a news release. PartsSource will continue to operate under its current management team, led by President and CEO Philip Settimi, MSE M.D. Financial terms of the private purchase from current owner Great Hill Partners were not disclosed.
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Bain Capital is buying medical-equipment parts and services company PartsSource Inc. from private-equity firm Great Hill Partners in a deal that values the company at about $1.25 billion, according to people familiar with the matter.
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When 20 ventilators from the State of New York arrived without a pre-arranged delivery time on the shipping dock of Patchogue-based Long Island (LI) Community Hospital at the height of the coronavirus pandemic, the hospital’s clinical engineering (CE) team kicked into high gear. The 300-bed, not-for-profit hospital located 50 miles east of New York City was in the thick of the pandemic, with 69 COVID-19 patients on ventilators.
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The health system's biomed director, who manages 32,000 pieces of equipment, tells a compelling tale of moving from paper to a digital, data-driven system. Marshfield Clinic Health System is a fast-growing health system in Wisconsin. Since 2017, it has jumped from one to nine hospitals and now has more than 1,200 providers totaling 86 specialties.
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The Healthcare Technology Report is pleased to announce The Top 100 Healthcare Technology Companies of 2021. This year’s awardees comprise a broad range of companies from well-known names like Johnson & Johnson, 3M Health Care, and Illumia to relatively newer but rapidly growing enterprises such as GRAIL, Capsule, and DNA Script.
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PartsSource announced plans to expand its workforce in Aurora, OH adding 99 jobs, to more than double its existing local workforce. The Ohio Department of Development (ODOD) approved the project for tax credit assistance at its meeting today.
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What would you do with more time in your workday? Determine how your healthcare organization compares to peers in the industry using a cost calculator to understand your team’s true costs of medical replacement product sourcing so you can improve efficiencies, standardize operations, and give your team more time in their day to focus on higher-level priorities.
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PartsSource, a leading online marketplace for medical equipment maintenance parts and services, today announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity. The investment will help PartsSource continue to accelerate its growth trajectory, broaden its solutions portfolio, and expand its marketplace platform. PartsSource will continue to operate under its current management team, led by President and CEO Philip Settimi, MSE M.D.
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To help improve delivery of care and optimize hospital operations, Accruent now includes integration with PartsSource, to its flagship Healthcare Asset Management platform in the Connectiv 8.3 release. With the integrated solutions, Connectiv/PartsSource users can save time, improve patient safety, automate workflows, consolidate vendor management, and easily access 4M+ parts in a single online marketplace.
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