Centurion Service Group Acquires Medical Equipment Refurbishing Company Monet Medical – Expanding Scope and Market Reach to Build Comprehensive Medical Equipment Solution
Centurion Service Group, a leader in medical equipment solutions, announced today that it has acquired Salt Lake City, UT Monet Medical, an advanced refurbisher of best-in-class beds, stretchers, infusion pumps and other medical equipment with strong ties to major national medical distributors. Originally a medical equipment auction house, Centurion Service Group has firmly cemented its commitment to building a comprehensive, provider-centered medical equipment model, including selling new and reconditioned medical equipment.
The acquisition of Ganim Medical in July of last year added retail distribution and enabled Centurion Service Group to provide hospital customers a full-circle solution for equipment liquidation and re-purchase, according to president and CEO Erik Tivin. The addition of Monet Medical adds infrastructure, distribution, and advanced reconditioning capabilities to the growing medical equipment solutions company: “Monet Medical is an important step for us in the direction of creating a comprehensive, value-focused medical equipment solution for providers. The synergies we are building with this acquisition translate directly to better equipment economics for hospitals: We can now make more reconditioned equipment categories available through distributor channels and provide an expanded portfolio of top-quality reconditioned equipment to our direct hospital partners. Monet Medical’s two Salt Lake City facilities, highly professional infrastructure and great leadership enlarges our footprint and strengthens our relationship with our customers”.
Monet General Manager Rich Absher said, “Centurion Service Group’s vision is truly driving changes to the medical equipment industry and I am excited to see our resources make a difference in what will become a new model for equipment utilization. Hospitals are looking for comprehensive medical equipment solutions and the combined business provides the capabilities to make this model a reality.”
Centurion Service Group’s auction division sells over 100,000 pieces of surplus medical equipment every year. With the acquisition, Centurion Direct, the company’s direct sales channel, will expand to include large distributors and several high-value product lines to improve hospital economics and further reduce the environmental impact of surplus medical equipment throughout the world.
About Monet Medical
Monet Medical is a nationally known recondition specialist in the Hospital Bed and Stretcher, Infusion and Defibrillator modalities. With a distributor network reaching across the country and demanding high quality, warrantied product, Monet is known to deliver. Monet has 30,000 sq ft of production and warehouse space throughout the Salt Lake City metro area.