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Platinum Equity Completes Acquisition of DMS Health Technologies

Thu, 03/01/2012 - 4:45am
The Associated Press

(http://www.platinumequity.com)

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 EquityPlatinum Equity

(www.platinumequity.com(http://www.platinumequity.com/)) is a global

M&A&O(http://www.platinumequity.com/acquisition-solutions)@ firm

specializing in the

merger(http://www.platinumequity.com/acquisition-solutions),

acquisition(http://www.platinumequity.com/portfolio) 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(http://www.platinumequity.com/leadership/tom-gores), Platinum

Equity has completed over 130 acquisitions.

About DMS Health TechnologiesDMS 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(http://www.dmshealthtechnologies.com/).

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