Visual Formulary Controls and the Supply Chain Risk Monitor will be leveraged by the 1,500 member hospitals within the PartsSource Pro community. These new capabilities, powered by PartsSource PRECISION Procurement®, will be demonstrated by PartsSource subject matter experts at booth #227 at the Association for the Advancement of Medical Instrumentation® (AAMI) Exchange in San Antonio, Texas.
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In recognition of his exceptional leadership, organizational performance and healthcare innovation over the past twelve months, PartsSource President and CEO Philip Settimi, MSE, M.D., has been named to The Healthcare Technology Report’s list of Top 50 Healthcare Technology CEOs for 2022.
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PartsSource, the leading online marketplace for medical equipment maintenance parts and services, today announces updates to PartsSource Pro, the company’s flagship solution and clinical resource management platform.
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How are senior leaders at hospitals nationwide leveraging data and information to help them manage medical devices? At a time in healthcare when every cost needs to be scrutinized and rationalized, leaders at Arkansas Children’s Hospital in Little Rock, Arkansas, have been saving $10,000 a month in cost savings on repairs and a 65-percent average cost savings per repair, per medical device.
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Bain Capital is eyeing opportunities in the ongoing digitization of healthcare with its recent acquisition of medical equipment parts and services company PartsSource. Bain Capital Private Equity purchased the supplier from Great Hill Partners in a deal that values the company at about $1.25 billion, according to people familiar with the matter, The Wall Street Journal reported.
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The company has been adding to its offerings in recent years, but a new owner in Boston-based Bain Capital Private Equity could accelerate that growth. PartsSource Inc. wants to simplify the medical equipment parts and service marketplace.
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Bain Capital Private Equity's Managing Director Devin O'Reilly explains why his firm sought out its new investment in PartSource and other investment areas Bain likes in the healthcare space. (Video)
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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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