Issue StoriesBrowser
Coeds repair hospital equipment in developing nations; Kinetic Biomedical merges with Crothall; Sonora celebrates training milestone; Medrad receives customer value award; and more.
Kinetic Biomedical Merges With Crothall
We are confident that Crothalls capital, experience, and marketing expertise will lead to a substantial expansion of our comprehensive outsourcing program, said James Graham, Kinetics president and CEO.Graham explained that Kinetics 5-year strategic plan, adopted by the board of directors in 1998, targeted large group-hospital corporate contracts as a major focus for its biomedical servicing and outsourcing program. Although Kinetic increased business since its inception in 1988 and made strides to fulfill its 5-year plan, the privately owned companys anticipated growth did not fully materialize. Unfortunately, the major multibillion-dollar group hospitals we pursued as customers demonstrated great reluctance to award multimillion-dollar clinical engineering services contracts to relatively small vendors like ourselves, Graham said. It became apparent that we could greatly increase our opportunity to succeed in this targeted segment by merging with a larger, synergistic organization. Currently, Kinetic provides services to more than 350 other health care facilities throughout the country and employs in excess of 100 health care engineering professionals throughout 21 states. Crothall and its affiliates serve more than 500 customers in health care, education, business, and industry with annual revenues in excess of $600 million.
The CVE award recognizes Medrads entry into undertreated markets and the degree to which those solutions have met the needs and requirements of consumers. According to Frost & Sullivan, the design of the Veris monitor meets the performance challenges of MRI, has an easy-to-use interface, and provides features that are familiar to users of non-MRI monitors. |
|
|
|
ADDITIONAL ONLINE RESOURCES |
Featured Employer
|