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The Dose

Welcome to The Dose, which tackles the business and economics inside the turbulent world of health care and life sciences in Indiana. Your host is John Russell. To contact me call 317-472-5383.

TriMedx nearly doubles workforce with $300M acquisition

September 17, 2018

TriMedx LLC, an Indianapolis-based company that maintains and services medical equipment for hospitals, will see its workforce nearly double after buying the health care technologies business of Aramark Corp. for $300 million.

The two companies said Monday they had signed a definitive agreement. They expect the deal to close by the end of the year.

TriMedx’s has about 1,600 employees—about 500 in Indiana—and will pick up another 1,500 workers with the Aramark acquisition.

“This is an evolution of our growth journey,” TriMedx CEO Henry Hummel said.

He said it was too early to say whether TriMedx operations in Indianapolis would grow dramatically as a result of the deal, but said "the intent is to continue to grow operations here."

TriMedx, founded in 1998 in the clinical engineering department of St. Vincent Hospital, provides medical equipment management programs to more than 1,800 health providers, including all of St. Louis-based Ascension’s hospitals and health care facilities.

It has offices near West 71st Street and Interstate 65, about five miles southwest of St. Vincent’s flagship hospital on West 86th Street, but is an independent company.

Aramark, based in Philadelphia, said it sold the health care operations to focus on other parts of its business, including its sizable food-service, facilities and uniform-supply businesses. The company reported $14.6 billion in sales in fiscal 2017.

Aramark’s health care business is based in Charlotte, North Carolina. The business provides management programs for clinical equipment at more than 500 hospitals and health care facilities.

“Today’s action is another demonstration of the clear and focused strategy we are following that has substantially elevated our operating performance and is driving Aramark’s success,” said Eric J. Foss, Aramark chairman, president and CEO.

Two years ago, TriMedx rolled out a $21.5 million expansion that it said would result in more than 100 new jobs by the end of 2020. Hummel said that expansion is still on schedule.

 

 

 

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