The Nashville-based medical device service provider, which supports more than 3,000 contrast injectors across 1,000-plus hospital systems, plans to expand into new modalities and pursue acquisitions under the new ownership.
Althea US Inc, a provider of service, parts, and training for major medical imaging equipment, has rebranded as Ally Technical and received a growth investment from FFL Partners, a middle-market private equity firm based in San Francisco. Financial terms of the transaction were not disclosed.
The Nashville, Tennessee-based company said the rebrand reflects its positioning as a newly independent healthcare technology management (HTM) business offering an integrated services and parts model. Ally Technical combines nationwide field service with in-house technical capabilities that include system and parts testing, board-level repair, depot repair, replacement parts, and technical training.
“Our rebranding to Ally Technical is an exciting new chapter in our history, reflecting our strategic positioning as a newly independent, industry-leading company that provides a unique integrated services and parts approach to meeting our customers’ comprehensive healthcare technology management challenges, so that they can focus on providing better healthcare for their patients,” says Dan Siler, CEO of Ally Technical, in a release. “We’re thrilled to partner with FFL, a firm known for its depth of healthcare business-building experience that will enable us to pursue new growth opportunities, both organically and through strategic M&A. As Ally Technical, our highly skilled engineers are still committed to delivering the same excellent, customer-minded approach that our customers have come to expect.”
Expanding Beyond Contrast Injectors
Ally Technical built its reputation servicing contrast injectors and now supports more than 3,000 units, along with other diagnostic imaging equipment, across more than 1,000 hospital systems and imaging centers in the United States. The company said it is applying that technical foundation to a broader range of medical devices, with services spanning capital sales and installation, maintenance, repairs, training, and technical support across major manufacturers.
The company says the investment comes as more health systems look to independent service organizations to manage aging equipment and control service costs.
“Healthcare providers are increasingly turning to experienced independent service organizations for mission-critical maintenance, service and parts support to improve cost efficiency. As a preferred servicing partner, Ally Technical is well positioned to capitalize on this trend as more healthcare organizations partner with ISOs,” says Karen Winterhof, partner at FFL, in a release. “Alongside CEO Dan Siler and his talented team, we have identified meaningful growth opportunities where FFL can help Ally Technical scale organically and through acquisitions, expand into new modalities, and enter high-growth markets with significant white space.”
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