Los Angeles, CA – Platinum Equity announced today that it has completed the acquisition of DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement.
"We are excited about the potential for DMS Health Technologies and look forward to helping the company evolve and continue to thrive under Platinum's ownership," said Brian Wall, the partner at Platinum Equity whose team is leading the DMS acquisition.
DMS Health Technologies provides mobile, interim, and fixed-site diagnostic imaging solutions to hospitals, clinics, and other medical providers, including MRI, CT, PET/CT, nuclear medicine, and digital mammography systems. The company also sells and services Philips Medical diagnostic imaging and monitoring equipment in the upper Midwest region and sells and rents refurbished medical equipment.
"Platinum Equity's acquisition of DMS Health Technologies comes at a critical juncture for the company and we are very excited about the operational expertise that Platinum brings to the table," said DMS Health Technologies CEO Paul Wilson. "With Platinum's support we will continue delivering high-quality solutions and exceptional customer service to the medical device and imaging marketplace."
Mr. Wall noted that a Platinum operations team is already working on site with the DMS management team.
"Platinum has been successfully managing corporate divestitures for more than 15 years," said Mr. Wall. "We have the experience and resources necessary to ensure a seamless transition."
About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 130 acquisitions.
About DMS Health Technologies
DMS Health Technologies, a Platinum Equity company, specializes in delivering products and services to the healthcare industry. DMS Health Technologies is a distributor of Philips Healthcare diagnostic imaging equipment and patient monitoring equipment in the upper Midwest; sells supplies and accessories, and reconditioned equipment, ultrasound and biomedical and diagnostic imaging parts nationwide. DMS Health Technologies also provides mobile, interim and fixed-site diagnostic imaging solutions (MRI, CT, PET/CT, Nuclear Medicine, Ultrasound, Cardiac/Angio, Bone Densitometry and Digital Mammography) across the United States; and diagnostic imaging equipment service in the upper Midwest. For more information about DMS Health Technologies, visit www.DMSHealthTechnologies.com.