New York, NY, February 5, 2020 - Granite Bridge Partners LLC (“Granite Bridge”) has added to its medical equipment services platform, The InterMed Group (“InterMed”), with the purchase of Sigma Imaging Technologies (“Sigma”). Sigma represents the second InterMed investment since Granite Bridge’s formation in 2018 as the manager of the former Direct Equity portfolio of Wafra, Inc.
Sigma is a New Jersey-based provider of imaging system services. Established as an expert in MRI/CT/PET imaging technology, Sigma’s core services include preventive and corrective maintenance, MRI magnet services, and part repair. Sigma is also a highly reputable provider of MRI/CT/PET systems across North America, including mobile units, and offers equipment evaluation, refurbishment, installation, removal, relocation and storage.
Rick Staab, CHTM CEO, InterMed said “Sigma’s core competencies align strategically with InterMed’s focus on delivering best in class medical equipment servicing and program management. This partnership is not only a strategic investment, but a cultural one as well as we expand our geographic footprint to serve clients faster and more efficiently across the East Coast. We are excited to also be able to enhance our existing customers within the MRI/CT/PET verticals with the high-quality Sigma brings in these areas.”
Christen Martorana and Paul Morgan (Sigma co-owners) said “We are very excited to partner with The InterMed Group. They are the ideal organization to grow with, as we share a commitment to deliver on our promises and consistently provide high-quality services. Customers will be better served by our expanding product lines and geographic reach, along with the integration of resources and technical knowledge.”
Michael Goodman, a partner at Granite Bridge, commented, “The acquisition of Sigma is expected to solidify The InterMed Group as one of the leading independent providers of healthcare technology management services to hospitals, imaging centers and health care facilities in the US. The addition of Sigma expands InterMed’s presence into the northeastern US resulting in complete geographic coverage along the eastern seaboard along with adding significant engineering depth for both the service and installation of MRI/CT/PET equipment.
About The InterMed Group
As a premier provider of integrated health technology management services, InterMed offers an array of Health Technology Management options to its clients. From comprehensive equipment planning and administration to strategic coverage of key divisions or modalities in support of in-house, OEM, or hybrid solutions, InterMed strives to enhance overall program quality, cost, timeliness and client confidence, by tailoring its services to the needs of their clients. InterMed’s unique Jump Team™ solutions provide skilled engineers for a wide variety of temporary/project needs. Jump Team™ services include credentialed temporary staffing, special projects, routine and project-driven PMs, compliance preparation, physical inventories, and cybersecurity assessments. InterMed also sells and services pre-owned, reconditioned, and new imaging equipment from select OEMs. For additional information on InterMed, visit www.intermed1.com.
About Sigma Imaging Technologies
Sigma knows the importance of image quality to healthcare, business, and emphasizes repairing rather than replacing expensive parts. It’s a winning combination supported by loyal customers and proven by countless CT, MRI, and PET/CT systems running smoothly – often beyond typical lifespans. In the past decade, Sigma has formed partnerships with some of the nation’s largest imaging networks. Sigma made a strategic decision to form symbiotic relationships that serve all interested parties, including multi-vendor partnerships with Siemens Medical Solutions and GE Healthcare. Today, Sigma serves a diverse customer base, ranging from small clinics to large imaging networks and hospitals, including veterinary health providers across the United States. For additional information on Sigma, visit www.sigmaimaging.com.
About Granite Bridge Partners
Granite Bridge Partners LLC is a private equity investment firm that targets control investments in lower middle market companies with EBITDA between $2 million and $12 million in the following sectors: consumer products and services, outsourced business services and niche manufacturing. For more information, visit www.granitebridge.com.
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