Marquette Electronics has completed its $73 million acquisition of Wallingford, Conn.-based Corometrics Medical Systems. Corometrics makes fetal monitors and related disposable supplies. Milwaukee-based Marquette makes computerized electrocardiograph equipment and other electronic systems used in critical care. The company named Tim Mickelson, former vice president of its monitoring division, to head Corometrics.
GE Medical Systems, Milwaukee, has formed a new division to maintain and repair not only its own medical equipment but also equipment manufactured by other companies. The division, GE HealthCare Services Group, will contract with hospitals to provide equipment maintenance services for particular departments or entire facilities. Its program will compete with independent service organizations, which offer the one-stop shopping that historically hasn't been provided by original equipment manufacturers like GE. Other manufacturers reportedly are developing similar programs.
Meditrust said it has completed $75 million in long-term-care facility investments and $27 million in medical office building financings. The $75 million includes a $42 million mortgage financing backed by six long-term-care facilities in Massachusetts and $33 million in development and mortgage financing to construct three long-term-care facilities in the state. The real estate investment trust provided $27 million in development and mortgage financing to build four medical office buildings. Three will be built on campuses of National Medical Enterprises hospitals in California and Texas. One will be built on the campus of JFK Medical Center in Atlantis, Fla. Meditrust recently moved its corporate headquarters to Needham Heights, Mass., from Waltham, Mass.