M&A Deal Summary

Modular Devices Acquires Transcend

On July 24, 2025, Modular Devices acquired medical products company Transcend

Acquisition Highlights
  • This is Modular Devices’ 1st transaction in the Medical Products sector.
  • This is Modular Devices’ 3rd transaction in the United States.
  • This is Modular Devices’ 1st transaction in Florida.

M&A Deal Summary

Date 2025-07-24
Target Transcend
Sector Medical Products
Buyer(s) Modular Devices
Deal Type Add-on Acquisition

Target

Transcend

Cape Coral, Florida, United States
Transcend provides mobile MR imaging labs in the United States. It specializes in streamlining healthcare operations by strategically renting mobile imaging equipment for hospitals and medical facilities. Transcend was formed in 2023 and is headquartered in Cape Coral, Florida.

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Buyer(S) 1

Buyer

Modular Devices

Indianapolis, Indiana, United States

Category Company
Founded 1987
Sector Medical Products
DESCRIPTION

Modular Devices is a provider of mobile and modular medical imaging equipment labs and cleanroom solutions throughout the United States. The company's medical imaging solutions offer various imaging modalities through short- and long-term leases to healthcare systems of all sizes. Modular Devices is the only company offering modular cath labs as a stock-standard product available for rent. Its cleanroom division serves the pharmaceutical, biotechnology, and manufacturing sectors by providing standard and customized pre-certified ISO and USP compliant units for lease and for sale. Modular Devices was formed in 1987 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Interim Diagnostic Imaging

Plymouth, Minnesota, United States

Interim Diagnostic Imaging is a provider of mobile CT and MRI medical imaging labs. Interim Diagnostic Imaging was founded in 2003 and is based in Plymouth, Minnesota.

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