The LINC Group of Chicago hired a senior executive this month to head up LINC Scientific Leasing, the company's primary operating unit. Terrence J. Quinn, former president of Medirec, a short-term hospital equipment lessor, will serve as president and CEO of LSL, directly under LINC Group president Martin E. Zimmerman.
LINC's medical leasing business has expanded into ancillary areas, including project finance and venture leasing. Business units within the parent company have enlarged concurrently, as have his responsibilities, Zimmerman said.
"We needed additional management assistance because the business has grown. We have a lot of assets deployed. It requires somebody full-time, who can manage $800 million worth of assets," he told SCAN.
Although LINC reduced its size late last year by selling its mobile imaging services business to Mobile Technology (SCAN 12/12/90), the company has expanded in other areas of medical imaging. LINC acquired two additional companies this month:
The new imaging centers will be combined with existing LINC imaging center management and financing operations, Zimmerman said.
"We have over 100 MRI installations under lease and have an ownership interest in a number of them. This (the acquisition of Paul J. Crowe & Associates) is not a major change in direction. All the equipment of Paul Crowe was under LINC leases. It is a consolidation of what we have," he said.
Management of the combined center operations will be the responsibility of Kenneth V. Hachikian, a former medical management consultant, who joined LINC last summer.
The MSSI service business has been incorporated into LINC Equipment Services, an ISO and medical equipment remarketer, Zimmerman said.
LINC acquired an inventory of medical imaging equipment, existing customer-service agreements, and 13 engineers with the MSSI acquisition.
