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 2
Sector (Life Science) 1 of 1
Type (Stake Purchase) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2023) 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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