TRIMEDX to Buy Aramark’s Healthcare Technologies Business
Posted September 18, 2018
Two major providers of healthcare technology management services are coming together. TRIMEDX, an Indianapolis-based company focused on clinical asset management and clinical engineering services, has announced a $300 million purchase of Philadelphia-based Aramark’s Healthcare Technologies (HCT) business.
Aramark HCT provides healthcare-related repair and maintenance as well as clinical engineering services to more than 500 healthcare providers in the United States, according to the company.
“We are excited to bring our technology and service model to a greater number of healthcare providers, delivering a comprehensive and differentiated clinical asset management program in an ever-changing environment,” said Henry Hummel, CEO of TRIMEDX, in a statement. “We look forward to Aramark HCT’s talented associates joining the TRIMEDX team to support our strategic operating model focused on partnering with healthcare providers to drive measurable and persistent value.”
By selling Charlotte, NC-based Aramark HCT, which the company purchased in 2001 and has about 1,400 employees, Aramark can better focus on its core food, facilities and uniforms businesses, said Aramark Chairman, President, and CEO Eric Foss, in a statement.
The proceeds of the sale will be used primarily to pay down debt and to repurchase $50 million in shares. The purchase is expected to close in the fourth quarter of 2018 and is subject to regulatory approval.