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
specializing in the
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
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