Platinum Equity said today it had signed an agreement to acquire DMS Health Technologies from Otter Tail Corporation, based on a company press release.
The purchase, which is still subject to regulatory approval, marks one of the equity firm’s largest forays into the medical imaging field. DMS provides diagnostic imaging solutions to hospitals, clinics and other healthcare providers.
Platinum has purchased roughly 130 companies since 1995 covering a wide range of industries including entertainment, manufacturing and IT services and software.
“Today signifies an important and exciting day in DMS Health Technologies’ future,” said DMS Health Technologies CEO Paul Wilson based on the release. “Platinum Equity’s support will allow us to take the next step in our business development. Platinum’s unique approach to providing operational expertise will serve as a competitive advantage and take DMS Health Technologies to the next level.”