The medical imaging industry has a long track record of stability and profit opportunity. The need for CT, X-ray scanners, ultrasound, MRI, and Teleradiology machines located at doctor's offices, hospitals, and specialty facilities, has fueled a multi-billion dollar industry.
Imaging Medical News reports that the global market for medical imaging was worth $30.05 billion in 2015 and it is expected to reach $40.56 billion in 2021. The market is expected to expand at a compound annual growth rate (CAGR) of 5.1 percent between 2016 and 2021.
The report defines medical imaging equipment as X-ray devices, computed tomography (CT) scanners, magnetic resonance imaging (MRI) scanners, ultrasound devices, and nuclear imaging scanners.
Helping lead the way in the medical imaging industry is Medical Imaging Corp (MEDD), a Nevada-based corporation that operates five subsidiaries focused on each type of medical imaging device named above.
Medical Imaging Corp. specializes in the acquisition of existing medical imaging businesses. The company also operates CTA, a Teleradiology company that can assess and report on radiology images, such as X-rays, CTs, and MRIs, from remote locations.
Strong Organic Growth And A Flagship Location
Total revenue at Medical Imaging Corp. increased by 1% from 2015 through the end of the fiscal year 2016. MEDD CEO Mitch Geisler told investors during the company's fiscal year filing that the company is focused on building a strong and sustainable brand while "laying a strong foundation for a growing medical imaging company."
Geisler says organic growth at already established centers and through the company's radiology service businesses allows for increased revenue without the high costs associated with acquiring new facilities.
"Over the course of the last year, we have developed a flagship location and have devoted resources to ensure current and future locations meet the same standards of care and commitment to our patients and communities. We look forward to another year of growth and continued acquisitions that meet our criteria and expectations," Geisler added.
Along with same-location growth, the company plans to continue acquiring more locations to grow out its patient network. MEDD plans to look at opportunities to increase revenue and EBITDA while streamlining costs companywide.
An Open Communication Plan For Investors And Other Interested Parties
Medical Imaging Corp. recently announced the launch of its new corporate website located at www.medimagingcorp.com. The new website features a dedicated channel for investor information.
MEDD also launched new YouTube, Twitter, Instagram, LinkedIn and Facebook accounts which are accessible from the company's website. The social media channels were established to allow for an open dialogue between the company and its investors. MEDD is currently seeking questions and comments from current and potential shareholders.
A Management Team With A Track Record Of Success In The Medical Industry
CEO Mitchell Geisler is a seasoned veteran in the health, mining, hospitality, and technology sectors. He currently serves as the company's CEO, President, and Chairman of the Board, roles he has held since 2010. He has also served as President of all of the company’s subsidiaries, Custom Teleradiology Services (CTS) and Schuylkill Medical Imaging (SMI), since January 2010 and December 2012, respectively and PIV, PIN, PIC since November 2014. Geisler also served as Chief Operating Officer and director of Pacific Gold Corp from 2004-2014. He has experience in operations, expansion, contract negotiations, capital raising, marketing, cost control, and acquisitions.
Richard Jagondnik serves as CFO and Director at MEDD. He has served in his current role since July 2005. He was previously the company's CEO, President, and Chairman of the Board. As CFO, he oversees the company's SEC reporting, strategic planning, budgeting, project development, contract management, and organizational planning. Prior to occupying his current role, Jagondnik was Vice President of Finance for Interesting Displays and Ideas, a Montreal-based manufacturing organization. He began his career at Friedman and Friedman, Chartered Accountants.
A Real-Time Imaging Diagnostic Solution For Hospitals
The Canadian Teleradiology Services division of MEDD is capable of delivering real-time access to imaging centers throughout the country. CTS can work in conjunction with DI managers and chief radiologists to provide nights, weekend and even 24/7 service. The company employs professional Canadian licensed radiologists to serve the needs of facilities all over the country.
MEDD promises to save medical facilities time, money, and resources by providing a streamlined service with 24 hour turnaround times on all normal stories and one-hour delivery for emergency STAT cases.
Comfort And High-Tech Solutions: The Heart Of The Company's Expansion
Being placed inside an MRI machine, Cat Scan, or other medical devices can be a nerve-racking experience for patients. At Medical Imaging Corp, the company strives to provide the best possible experience for all patients.
Take for example the company's Schuylkill Medical Imaging facility. Claustrophobic patients can choose between a traditional closed system MRI and an Open MRI machine.
The company even provides same day, evening and Saturday appointments to accommodate a patient's needs and schedule.
The company utilizes a leading closed 1.5 T Siemens Symphony as well as a Siemens Concerto Open MRI System with Syngo software, which gives patients the comfort of an Open MRI system combined with high-field MRI speed and quality.
Before a patient even steps through the doors at a MEDD facility, they have already consulted with their referring physician to determine which MRI machine is best for each individual level of comfort.
Learn More About Investment Opportunities At MEDD
As previously stated, the company has taken an open approach to attracting and maintaining investor interest. You can learn more about investment opportunities at http://www.medimagingcorp.com/toinvestors.html
The medical imaging industry continues to rapidly expand and will add billions of dollars in revenue over the next half decade. It may just be the right time to invest in a company that is looking to acquire more facilities while leading the pack in the quick and accurate reporting of patient records.
Visit http://www.medimagingcorp.com/ to learn more or check out the company's profile on OTC Markets.
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