TRIMEDX to Acquire Aramark’s Healthcare Technologies Business

TRIMEDX, a leader in clinical asset management and clinical engineering services, is acquiring Aramark’s Healthcare Technologies (HCT) business for $300 million.
 
Aramark HCT provides healthcare technology services, ranging from repair and maintenance to outsourcing of clinical engineering services, to more than 500 healthcare providers nationwide. The acquisition of Aramark HCT allows TRIMEDX to deliver its proprietary technology-driven solutions to a broader set of healthcare provider customers, driving clinical and financial results, as well as device security and compliance.
 
“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. “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.”

Aramark’s Healthcare Technologies business, based in Charlotte, N.C., was acquired in 2001 and has been in operation for over 45 years. It employs more than 1,500 technicians, engineers and program staff; its services include maintenance and refurbishment of high end imaging equipment.
 
 “Today’s action is another demonstration of the clear and focused strategy we are following that has substantially elevated our operating performance and is driving Aramark’s success,” said Eric J. Foss, chairman, president, and CEO. “The divestiture of our Healthcare Technologies business will further focus our portfolio around our core food, facilities and uniforms businesses. I want to thank and congratulate our HCT team members for their contributions to Aramark and wish them continued success. This transaction represents the latest step in our commitment to deliver sustainable shareholder value, while also increasing our financial flexibility. We will use the majority of proceeds to strengthen our balance sheet through debt reduction and will also repurchase $50 million of shares after closing of the sale.”

The transaction is expected to close in the fourth quarter of 2018 and is subject to regulatory approval and other customary closing conditions.

Headquartered in Indianapolis, Ind., TRIMEDX started as a hospital clinical engineering department focusing on reducing expenses, optimizing service and enhancing the patient experience through innovative medical equipment management programs. Today, TRIMEDX provides clinical asset management services.