PSS World Medical buys more firms

Medical supply distributor PSS World Medical reported last month that its subsidiary, Diagnostic Imaging, has purchased four more companies. Jacksonville, FL-based Diagnostic Imaging acquired two California firms, Intra-Trade Medical, a provider of consumable imaging products, and QA Processor Service, a film-handling service company. It also bought Vanguard Imaging, a cardiovascular catheterization lab service provider in New York, as well as Palm Beach X-Ray, an imaging distributor in Florida. Diagnostic Imaging expects its purchases to bolster its annual revenues by roughly $45 million. PSS World has acquired at least eight distributors since the beginning of the year, adding to its existing network of more than 61 sites across the U.S.

In other PSSWorld news, the company this month signed an exclusive distributorship agreement with Siemens Medical Systems. Under the terms of the deal, PSSWorld will supply Siemens’ ultrasound systems to physicians in its distributor network.