August 17, 2020
Press Release: 626 acquires PhiGEM PARTS, the quality leader and brand of choice in the Healthcare Technology Management space
Delray Beach, FL -- Already the fastest-growing third-party company in the Healthcare Technology Management market, 626 Holdings, LLC announces the acquisition of PhiGEM PARTS located in Bohemia, New York.
“626 has always been service first. When Michael Fischer and I started the business, we always felt we would need to be able to control the quality of our product. The one area of the service event where it was difficult to control 100 percent of the quality, was with the parts needed to repair the system. NOW we can. With this investment, we are now united with the highest quality parts company in the business. When we looked for the team we wanted to partner with it was simple; PhiGEM PARTS has the highest success rate of all third party parts companies in the marketplace. Josh Glas has built an incredible family atmosphere and business. We look forward to the expertise he and his team brings to 626. Our 85+ engineers in the field just got a whole lot stronger. Out of all of our deals so far, this improves our quality the most. Look out world, we just got a whole lot faster!” commented Phil Revien, CEO of 626.
“Due to the Covid-19 pandemic, there is perhaps no other time in our country’s history where the expediency and quality of radiology imaging service delivery is at such a critical level,” said Michael Fischer, President of 626 Holdings. “With the acquisition of PhiGEM PARTS, 626 will be even more efficient with our operations, allowing us to streamline our process for image system repairs.”
Josh Glas will join 626 as President of the parts division. “Under the leadership of Josh, PhiGEM has become best in class in providing the highest-quality, field tested diagnostic imaging parts,” said Fischer. “His commitment to customer care aligns perfectly with the corporate culture at 626 where customers and the patients they serve is our top priority. We welcome the employees of PhiGEM PARTS to the 626 family as we continue to take a team approach to meeting the increasing needs of our healthcare partners.”
Josh Glas added: “I am beyond excited to start working with Phil, Michael, and the team. I met Phil and Michael early on in 626’s life and we all clicked immediately. The culture among both of our organizations is very similar and together we are going to bring our combined customer-centric approach to ensure those that have come to rely on us, and those that will, enjoy maximized value and satisfaction. Together we are going to do amazing things!”
In business since 2010, PhiGEM PARTS has a long history of quality and innovation as it consistently grew its market share and customer base by supplying multi-modality, multi-manufacturer, high quality parts at a value as an original equipment manufacturer alternative.
626’s purchase of Walsh Imaging three years ago followed their approach to base acquisitions on what matters most to them; family. This method was repeated with the purchase of ISS, the leading 3rd party injector service and support supplier in the HTM space, Innovatus’ DR-CR service business earlier this summer and now the PhiGEM PARTS business.