Medical equipment supply company PartsSource said it's been acquired by Bain Capital Private Equity of Boston for an undisclosed price.
Aurora, Ohio-based PartsSource, founded in 2001, is a business-to-business (B2B) marketplace for medical technology replacement parts and services, and an online B2B marketplace that was previously owned by Great Hill Partners of Boston, which bought PartsSource in 2017. PartsSource said its marketplace connects more than 3,500 hospitals, and 15,000 clinics, with more than 6,000 medtech original equipment manufacturers and 2,000 medtech repair professionals across the country.
After the deal closes in the third quarter, PartsSource will continue to operate under its current management team, led by president and CEO Dr. Philip Settimi.
“PartsSource was founded on the idea that an evidence-based, digital approach to the healthcare supply chain can unlock better healthcare delivery, lower costs, and enhance clinical outcomes," Settimi said in a statement.
