Oxford Instruments plc ("Oxford
Instruments"), a leading provider of high technology tools and systems for
industry and research, announces the acquisition of Platinum Medical Imaging
LLC ("Platinum").
Platinum is an established US company providing high quality parts and services
and turnkey solutions, including equipment selection, site planning,
installation and hands-on training for MRI (Magnetic Resonance Imaging) and CT
(Computerised Tomography) medical imaging instruments. Recent healthcare reforms
in the US have encouraged medical imaging facilities to move to more cost
effective service providers. This has presented a growing opportunity in this
third party service market to providers like Platinum, which has enjoyed
significant growth over recent years due to its high level of customer focus.
"Platinum is committed to offering outstanding value, high standard and no
compromise. We do this by listening to our customers and offering them the
right level of support and training, and delivering quality products and
service. The increased resources that will now be available for our combined
business will allow us to expand and fully realise our potential. I am excited
about the future of the business" said Jeffrey Fall, President, Platinum
Medical Imaging.
The combination of Platinum with OiService, Oxford Instruments' existing MRI
Service business in North America, significantly strengthens the Group's
broader service offerings and the opportunity for further development of its
global service.
Commenting on the acquisition, Jonathan Flint, Chief Executive of Oxford
Instruments, stated: "I am delighted to welcome Platinum into the Oxford
Instruments Group. MRI service is the cornerstone of our Service business and
with Platinum, our position is substantially strengthened in the US
market."
For further information visit
www.oxford-instruments.com
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