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DirectMed Imaging Acquires Richardson Healthcare

1. DirectMed Imaging acquires Richardson Healthcare's operations in SC. 2. Acquisition enhances DirectMed's Canon/Toshiba CT parts and training capabilities. 3. DirectMed now exclusive distributor for specific Siemens X-ray tubes. 4. Richardson Healthcare's expertise boosts DirectMed's inventory and service offerings. 5. DirectMed aims to improve efficiency in medical imaging support.

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FAQ

Why Bullish?

DirectMed's expansion may positively impact Richardson Electronics' market presence and financial performance.

How important is it?

The strategic acquisition and expansion can directly affect RELL's operational scope and financial health.

Why Short Term?

The immediate market response to acquisitions typically occurs within a few months.

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RELL
SAN DIEGO--(BUSINESS WIRE)--DirectMed Imaging, a leading supplier of aftermarket medical imaging parts, systems, and training, today announces the acquisition of Richardson Healthcare’s Fort Mill, SC operation. Richardson Healthcare is a division of Richardson Electronics (NASDAQ: RELL). DirectMed’s acquisition expands its Canon/Toshiba MRI and CT parts expertise and inventory breadth. The purchase also allows DirectMed to enter the Canon/Toshiba CT training market for engineers and biomedical professionals, as well as become the exclusive global distributor for Richardson Electronics repaired Siemens Straton Z, MX, and MXP CT X-ray tubes. Additionally, DirectMed will now be the exclusive global distributor for the ALTA750 and ALTA 750G CT X-ray tubes. DirectMed’s customers will benefit from Richardson Electronics’ world-class X-ray tube manufacturing infrastructure, engineering talent, and expertise that repairs Siemens X-ray tubes, a highly-valued offering in the marketplace. “DirectMed has spent five years making strategic investments and now six acquisitions that bring our customers excellence in inventory and service,” said Brad de Koning, DirectMed Imaging CEO. “Richardson Healthcare has built an impressive CT X-ray tube, training, and parts business. We are excited to have their expertise, solutions, and inventory under our roof and to strengthen our Canon/Toshiba aftermarket parts offerings.” “Hospitals and service organizations cannot waste time when their engineers need parts or support to keep mission-critical diagnostic imaging machines up and running,” said Tanner LoRusso, Chief Commercial Officer for DirectMed Imaging. “Our customers have come to know us as a dependable partner to help solve their most difficult needs quickly and efficiently. The acquisition of Richardson Healthcare is the latest milestone of DirectMed’s to invest in the needs of our customers’.” "We recognize that our customers operate in an industry where efficiency and cost-savings are intertwined with quality patient care,” said Nicholas Richardson, Richardson Healthcare global senior sales and business operations manager. “By joining the DirectMed family, we are creating more enhanced, innovative, and compelling solutions for new and existing clients. Together, we can deliver a level of expertise and inventory that neither brand could have achieved on its own.” DirectMed is backed by private equity firm Frazier Healthcare Partners. About DirectMed Imaging: DirectMed Imaging is a leading aftermarket diagnostic imaging parts, systems, and service provider. With over 100,000 parts in stock, the company repairs, supports, and sells GE, Siemens, Philips, and Canon/Toshiba MRI, CT, and X-ray parts to healthcare networks, imaging centers, and independent service organizations (“ISOs”) around the world. DirectMed also owns LBN Medical ApS, based in Aalborg, Denmark, a leading reseller of aftermarket medical imaging equipment and parts to customers around the world; and ScanMed, LLC, a leader in MRI coil design, manufacture, and repair. For more information, visit www.directmedimaging.com. About Frazier Healthcare Partners: Founded in 1991, Frazier Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. Since its inception, Frazier has raised over $11 billion of capital for private funds and co-investment opportunities and has invested in more than 200 companies over 33 years. Frazier has a philosophy of partnering with strong management teams while leveraging its internal operating resources and network to build exceptional companies. Frazier is headquartered in Seattle, WA, with an office in New York City (opening June 2025), and invests broadly across the U.S., Canada, and Europe. For more information about Frazier, visit www.frazierhealthcare.com. About Richardson Electronics: Richardson Electronics is a global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. Approximately 50% of its products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of its manufacturing partners throughout the world. They serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure.

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