Synergy MedSales, Inc., a Delaware "S-Corporation" with corporate headquarters in Dallas, TX, is a capital equipment broker of medical instruments. The company announced today the acquisition of MedEx Trade, a capital equipment procurement company, for an undisclosed amount and stock awards. The new division will allow the larger company to focus on cash offers for new and nearly new aesthetic laser equipment and ultrasound devices.
"This will provide Synergy MedSales with a much welcomed in-house procurement division" said Michael D. Park, Chairman.
The timing of the acquisition is not by accident. According to the aesthetic industry authority, Medical Insight, Inc. announced through their Global Aesthetic Market XII April 2014 report, "The aesthetic industry remains strong, driven by aging populations throughout the world, as well as increased awareness of advanced procedures and improving technology that provides more significant benefits with reduced risk and downtime."
According to AARP, in the United States, "During 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day." Therefore, demand for used aesthetic equipment is growing globally.
"Med-spas, Weight Loss Clinics, Surgeons, Chiropractors, and Tattoo Studios among various other health and wellness related small businesses are adding Aesthetic Technology to their practices. In order to curve the high-end retail cost of new equipment, such companies are seeking certified pre-owned equipment. This being the core of Synergy MedSales business model," stated company business-finance and due diligence consultant Tony Drexel Smith.
The Medical Insight report went on to say, "In 2013, total sales of aesthetic products exceeded $5.9 billion. Through 2018, they will expand by 11.5% per year to almost $10.2 billion. This is consistent with the compound annual growth of 11.6% predicted in GAM XI, released in early 2013."
"The added resources provided by Synergy MedSales to the already proven model of MedEx Trade, will give the greater company the ability to emerge in the market as the gold standard in brokerage and distribution of capital equipment and medical devices," said Austin Podowski the new CEO for Synergy MedSales, Inc.
Synergy MedSales, Inc. is a Delaware Company with its principle place of business located at 14114 North Dallas Parkway, Suite 480, Dallas, Texas 75254. www.synergymedsales.com.
Media Contact
Company Name: Synergy MedSales, Inc.
Contact Person: J.Michael Palka
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Phone: 619-977-5022
Country: United States
Website: http://www.synergymedsales.com
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