Modular Devices Announces Acquisition of Cardiac Services Mobile

INDIANAPOLIS--(BUSINESS WIRE)--Modular Devices Acquisition, LLC (Modular Devices), a leading provider of mobile cath labs and mobile cleanrooms, today announced the acquisition of Cardiac Services Mobile, Inc. (Cardiac Services Mobile), a mobile cath lab company out of Nashville, TN that serves the US markets. The acquisition builds on Modular Devices’ position as the premier provider of mobile cardiac cath, peripheral vascular, electrophysiology (EP) and mobile CT labs for the rapidly growing US mobile imaging market.

Modular Devices, based in Indianapolis, IN, is a long-time driver of innovation in the mobile cath lab industry. The company’s imaging division provides a comprehensive fleet of temporary interim cath, IR, EP and CT labs serving the hospital, ambulatory surgery center (ASC) and outpatient-based lab (OBL) markets. Modular Devices’ interim labs add value for healthcare facilities of all sizes, helping take the guesswork out of how to continue services during imaging lab renovation projects and how to start-up or expand a service line when no space is available inside the current footprint of the healthcare facility.

“Following on the heels of the recent acquisition of Modular Devices by O2 Investment Partners in Bloomfield Hills, Michigan, this is the first step of our strategic plan to grow our market share and product offering,” said Greg Mink, CEO of Modular Devices. “The addition of Cardiac Services Mobile allows us to meet the market demands of our growing customer base as we upgrade the imaging capabilities in Cardiac Service’s mobile labs. The acquisition adds nearly 33% more capacity to our existing infrastructure.”

The addition of Cardiac Services Mobile’s interim cath lab fleet and its team of industry professionals complements and strengthens Modular Devices’ rapidly growing mobile imaging business. The combination will allow for increased efficiencies and newer digital x-ray system upgrades to the interim lab fleet, while providing healthcare facilities with better access to safe and reliable high-quality interim lab solutions.

Going forward, Modular Devices will be the largest mobile company focused on temporary, interim cardiac catheterization, peripheral vascular, Electrophysiology (EP) and CT labs. Modular Devices’ offers both Mobile Labs (coach on wheels) and larger Modular Labs. Mobile Labs are used primarily as short-term solutions lasting 2-5 months while the larger Modular Labs are the ideal solution for more complicated procedures and longer-term lengths of 6-12 months or longer.

About Modular Devices

Founded in 1987, Modular Devices is a leading provider of mobile and modular medical imaging equipment labs and cleanroom solutions throughout the United States. Modular Devices’ medical imaging solutions offer various imaging modalities through short- and long-term leases to healthcare systems of all sizes. Modular Devices is the only company offering modular cath labs as a stock-standard product available for rent. The Company’s cleanroom division serves the pharmaceutical, biotechnology, and manufacturing sectors by providing standard and customized pre-certified ISO and USP compliant units for lease and for sale. Modular Devices is headquartered in Indianapolis, IN. Additional information available at www.modulardevices.com and www.portable-cleanroom.com.

Modular Devices
Mark Koers
317-333-8742
markk@modulardevices.com