US Med-Equip, a Houston medical device and equipment distributor, has acquired New Jersey-based Martab Equipment Management Services, the company said Thursday.
Terms were not disclosed.
US Med-Equip rents out 60,000 pieces of movable medical equipment and parts, such as hospital beds and portable ventilators, to health care providers.
Previously, US Med-Equip served roughly 150 Houston-area health care providers and more than 2,200 nationwide, nearly 35 percent of hospitals in the country.
The acquisition of Martab, which offers rentals for specialty devices like infant incubators, blood pressure monitors and infusion pumps, gives the company more resources and access to health care providers in the Northeast and mid-Atlantic region, company officials said.
“Together, we will help more health care providers and the purchasing organizations that support them in taking care of patients in need,” Ed Gay, president of US Med-Equip, said in a statement.
FLEET OF THE FUTURE: Meet the Houston medical equipment company renting ventilators and infusion pumps to the nation’s hospitals
Hospital systems, nursing homes and other medical providers are increasingly reliant on rentals to fill niche needs as equipment becomes more sophisticated and technology improves faster than budgets grow.
Renting a ventilator, US Med-Equip officials said in March, would cost $500 to $1,000 per month, compared to $15,000 to $25,000 to purchase.
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