MXR Imaging acquires Oxford Instruments Healthcare for $15 million

MXR Imaging acquires Oxford Instruments Healthcare for $15 million

by John R. Fischer, Senior Reporter | February 24, 2020
Business Affairs CT MRI Parts And Service X-Ray
MXR Imaging acquires Oxford Health Instruments
MXR Imaging has acquired Oxford Instruments Healthcare from Oxford Instruments for $15 million.

The addition of the MR and CT independent service provider is poised to expand the independent service footprint of MXR Imaging throughout North America.

"The additional resources and expertise that Oxford brings to our team will only enhance the customer experience with MXR Imaging and our portfolio of companies," Ted Sloan, president of MXR Imaging, and Jeff Root, MXR Imaging executive vice president, told HCB News.

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Headquartered in Deerfield, Florida, Oxford Instruments Healthcare facilitates not just sales for MR and CT, but also maintenance services and parts. Among the resources it brings to MXR Imaging are mobile fleet rentals, coil repair, and refrigeration services. It runs additional operations in Vacaville, California and Ann Arbor, Michigan too.

Formerly known as Merry X-ray, MXR Imaging has completed a number of acquisitions over the last few years to grow as a company. Its 2017 acquisition of Consensys Imaging, for instance, expanded its reach in the CT and MR markets, and provides its customers with access to new assets, including X-ray equipment distribution, sales of refurbished equipment, and certain product lines.

It further built up its services through the acquisitions of Premier Imaging, adding imaging equipment refurbishing capabilities that extend the lifetime of diagnostic equipment, and Nationwide Imaging Services, introducing MXR’s services to an international customer base.

One of its other most recent acquisitions was California-based Conquest Imaging, an ISO 9001:2015-certified ultrasound repair company that provides high-quality third-party service in the western U.S.

Sloan says the acquisition of Oxford Instruments Healthcare follows the same approach as these previous acquisitions, by enabling MXR Imaging to reach more customers and equip them with high-quality diagnostic equipment.

"We are very excited about the imaging expertise and talented people that are becoming part of the MXR Imaging organization. Our new colleagues will get us another step closer to our goal of providing complete imaging solutions for our customers," he said in a statement. "Our mission is to improve the clinical and financial success of our customers by delivering innovative diagnostic imaging solutions. We believe the Oxford Instruments Healthcare team and products will help us do just that."

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