Bain Capital Buys Medical-Device Parts Business

The private-equity firm is acquiring an equipment parts company serving hospitals at a $1.25 billion valuation

CLEVELAND, July 20, 2021 – Bain Capital is buying medical-equipment parts and services company PartsSourceInc. 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.

PartsSource’s website connects customers, such as hospitals and medical clinics, with vendors and repair professionals to find replacement equipment, parts and services. PartsSource’s cloud-based software helps clients locate and acquire needed components, automating the medical-equipment supply chain.

For example, PartsSource’s system lets customers track how often they typically need to replace a specific part, allowing them to stay ahead of maintenance, said Devin O’Reilly, a Bain Capital managing director who leads the private-equity firm’s North America healthcare business.


A computer tablet displays information used to manage maintenance needs for medical equipment using the PartsSource Pro application.

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