October 01, 2021
626 Makes Two Big Moves to Drastically Improve One Great Market Position
The World Slows Down. We Move Faster.
Delray Beach, FL -- Already the fastest-growing third-party company in the Healthcare Technology Management market, 626 Opco, LLC (626) is excited to announce two major acquisitions: Digitec Medical and Independence Cryogenic Engineering (ICE).
“I am honored and humbled that these two very successful organizations have given our 626 families an opportunity to bring them into our culture of rapid growth and winning,” said Phil Revien, CEO of 626. “It is important to acknowledge that without the amazing team of employees we currently have, our organization’s rapid growth would not be possible. I want to thank my team members and new team members, as well as our incredible customers, for your continued support of our ever-growing 626 brands. I value each and every one of you for your hard work, dedication, and loyalty.”
Operating since 1982, and based in Lawrenceville, GA, Digitec is the nation’s leading third-party, multi-OEM mammography solution provider of service, training, and parts.
“We have watched 626 grow exponentially over the past few years,” said Jim Mcghinty, Owner of Digitec. “We decided to partner with 626 as a way to accelerate our growth and market presence. Our team could not be more excited to join Phil, Michael, and the 626 families of companies as they continue to impress and show their commitment to our combined customers. We look forward to our role in making this crucial part of the 626 portfolios even stronger.”
For more than 25 years, ICE has been specializing in compressors, cold heads, lines, and helium in support of its growing customer base. Having created its own proprietary technology, the company has solidified itself by evolving the finest product in the space. Located in Egg Harbor, NJ, this is a tremendous geographic fit and solution addition for the team at 626, as they further develop their capabilities in comprehensive MRI service.
“With our market position and growth rate, we are very excited to join the 626 families. We are eager to partner with someone who is willing to invest in us and put people in the right place who can take us to the next level, said Frank Hughes, Owner of ICE. “From an overall solution provider perspective, we know they are committed to their customer base in MRI, and we know they will make the necessary investments to help with the scalability that we need to help us grow.”
With two major acquisitions in one day, 626 has substantially improved its capabilities and competencies in two core modalities — mammography and MRI — enabling them to provide greater and more comprehensive service to its client base. Between 626, Walsh, ISS, PhiGEM, Digitec (https://www.digitecmedical.com/), and ICE https://www.cryopumper.com/), they will be uniquely positioned to deliver the most value to their customers and the patients they serve.
“We are so thrilled to continue our strategy of organic growth and growth through acquisition. We love the strategic fit of ICE and Digitec. These are great companies with great cultures, great people, and they’re going to fit right in with 626. We are additionally thrilled to have improved our mammography service offer in October; Breast Cancer Awareness Month. This fits well with our 626 Gives philanthropic efforts,” says President of 626, Michael Fischer.
While 626 is really happy with these strategic moves, keep your eyes and ears open, with these guys anything can happen.