Investment Summary

Modular Devices Invests In Interim Diagnostic Imaging

On February 16, 2023, Modular Devices invested in life science company Interim Diagnostic Imaging

Investment Highlights
  • This is Modular Devices’ 1st transaction in the Life Science sector.
  • This is Modular Devices’ 2nd transaction in the United States.
  • This is Modular Devices’ 1st transaction in Minnesota.

Investment Summary

Date 2023-02-16
Target Interim Diagnostic Imaging
Sector Life Science
Investor(s) Modular Devices
Deal Type Stake Purchase

Target

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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Investor(S) 1

Investor

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 2 of 3
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-06 Cardiac Services

Nashville, Tennessee, United States

Cardiac Services is a provider of mobile/modular catheterization and peripheral vascular equipment leasing. The company was started with a vision to provide interim equipment leasing solutions to healthcare facilities. Its units serve the Continental USA - including Florida’s Agency for Healthcare Administration (AHCA) requirements and approval; and the US Government’s System for Award Management (SAM) registry to proudly serve our Federal facilities. Cardiac Services is based in Nashville, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-24 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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