What Does MXR's Acquisition of Conquest Mean?
Breakdown of changes brought by Merry X-ray acquisition.
On December 31, 2018 Merry X-Ray Corporation (MXR) announced their acquisition of Conquest Imaging. This acquisition will enhance MXR’s repertoire of offerings in the medical device space, getting them closer to realizing their vision as a company.
As someone who is in the healthcare industry, you might be wondering a more practical question–what does this acquisition mean to Conquest Imaging’s customers?
Rest assured, it is business as usual. Service customers will still call the same number for service, parts, probes and portables. Hospital and dealer customers will still contact Conquest Imaging in the same way to get their ultrasound items ordered or repaired. The difference is that Conquest Imaging will now be able to offer hospitals MXR’s vast products and capabilities. Mark Conrad, former owner, has agreed to stay on while Conquest increases the list of modalities they can offer a medical facility such as computed tomography (CT) and magnetic resonance (MR) in sales, service, and support.
“I am excited to join Merry X-ray’s collection of medical device companies,” stated Mark Conrad, Co-founder of Conquest Imaging. “I can finally realize my dream of entering into multiple modalities and providing nation-wide service.”
Both MXR and Conquest Imaging have reputations for offering healthcare facilities a viable cost-effective, high-quality alternative to the OEM for medical devices.
“We are thrilled to add Conquests services capabilities to our portfolio of products,” stated Ted J. Sloan, President of Merry X-Ray Corporation in today’s press release. MXR has been around since 1958 and has strategically acquired companies over the last several years to expand their capabilities.
What does this new acquisition immediately bring to Conquest’s customers?
- Nationwide ultrasound service
- Additional imaging modalities (i.e. CT, MR) in service, parts and sales
- Robust inventory of refurbished medical devices for sale