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Prestige Medical Imaging Acquires Medserv Plus And Xrv Healthcare

Aug 25, 2022•almost 3 years ago

Acquiring Company

Prestige Medical Imaging

Acquired Company

MedServ Plus

Health CareMedical DeviceMedical

Description

Prestige Medical Imaging ("PMI"), the largest independent radiology service and solutions provider in the Eastern United States and a portfolio company of Atlantic Street Capital ("ASC"), announced today that it has completed acquisitions of MedServ Plus and XRV Healthcare. The additions of MedServ Plus and XRV Healthcare to the PMI business platform bring together three of the most prominent dealers in the medical imaging industry, solidifying the combined entity as the largest independent radiology service and solutions provider in the Eastern United States.

Company Information

Company

Prestige Medical Imaging

About

Prestige Medical Imaging is the largest independent radiology service and solutions provider in the Eastern United States. Founded in 2003, PMI is headquartered in Newburgh, NY and is supported by private equity firm Atlantic Street Capital. With experienced field service engineers and a committed sales staff, PMI proudly serves hospitals, imaging centers, medical groups, orthopedic groups, and professional sports teams, providing the digital imaging technology, support, products, and training necessary to keep mission-critical environments running smoothly. Prestige Medical Imaging is the Official X-Ray Equipment Provider of the New York Mets, Brooklyn Nets, Miami Heat, New York Islanders, and Columbus Blue Jackets.For more information visit www.prestigemedicalimaging.com Media Contacts:For PMIMackey D'Addario mackey.daddario@pmiteam.net(866) 631-9729 For Atlantic Street CapitalChris TofalliChris Tofalli Public Relations, LLC914-834-4334 SOURCE Atlantic Street Capital

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed