Rich Springer[1]

Rich Springer

Milwaukee-based Alpha Source Group, a collective of three service companies including Alpha Source, Medical Optics and BC Technical, has promoted Rich Springer to president, effective immediately. In his new role, Springer is charged with leading the Alpha Source Group of companies through a period of strategic growth and evolution.

Since 2016, Springer served as chief operating officer for Alpha Source, leading strategic initiatives across service and operations. This included integrating and expanding Medical Optics, forming a consolidated national service arm following the BC Technical acquisition and scaling the company’s outsourced depot solutions capabilities, which provide full-scale OEM product maintenance, service, repair, and logistics.

Says Richard Neff, operating partner at Baird Capital, private equity owner of the Alpha Source Group of companies, “Rich has a reputation as an insightful, strategic leader. He has been instrumental in strengthening and growing the Alpha Source business and he is the perfect person to lead the company into the future.”

Baird Capital acquired Alpha Source in 2015 with the intention of building a diverse medical device service, repair, parts distribution, and solution business. Since then, the company has made four additional strategic acquisitions, now operating under the Alpha Source Group brand.

Says Springer, “I look forward to my new role, and leading the team as we advance to become the premier maintenance and solutions provider in the medical device industry. My passion for developing and providing service solutions was sparked when I started my career as a field engineer, and it has only grown as I’ve moved on to leadership roles at major OEMs and ISOs. Today, I’m excited to take that hands-on knowledge and industry experience to serve our healthcare partners, and continue to grow and evolve our company.”

In previous positions, Springer led service operations at both domestic and international companies, including Crothall Healthcare; Elekta Inc.; TomoTherapy (now Accuracy Inc.); Camtronics Medical Systems, Ltd. (now Merge Healthcare); Cymer, Inc.; and GE Corporation/GE Healthcare.