Following its recent hiring of PartsSource veteran Doug Brown as vice president of sales, reLink Medical, Aurora, Ohio, has announced its plans to “assist hospitals and ISO’s monetize their overstocked, change-out parts inventory and equipment.” Founded earlier this year by A Ray Dalton, founder and executive chairman of PartsSource, reLink is described as “capitalizing on a reoccurring trend in healthcare where hospitals are looking for new revenue sources.”

“Since the announcement of the ACA, hospitals have been reluctant to acquire new medical devices,” Dalton said in a press release. “This trend has caused a shortage of available secondary market parts and equipment for refurbishment. What was discovered is that most hospitals have an onsite inventory of repair parts and medical devices that are no longer valuable to them but have significant value in the marketplace.”

The new company has created what it calls a hybrid of Craig’s List and eBay where hospitals, independent service organizations, and equipment resellers can list the equipment for sale. According to the company, this program will allow hospitals both to create a new revenue source and to receive a greater return on their liquidated equipment and inventory. For more information, visit the reLink Medical website.