Althea expands geographic footprint with acquisition of Spintech in Turkey

Continuing its regional expansion in emerging high growth markets, Althea (previously Pantheon Healthcare Group) has announced the acquisition of Spintech, a leading Turkish service provider for multi‐vendor diagnostic imaging equipment, asset management and maintenance services.  Spintech brings deep technical and field engineering specialisation across multiple modalities in Siemens high‐end imaging and general Radiology medical systems while more recently developing its multi‐vendor capabilities to support GE, Philips and Toshiba imaging systems under a strategic partnership that began with MESA in 2012.  The acquisition by Althea further strengthens the company’s Pan‐European leadership in the growing independent, multi‐vendor diagnostic imaging service market as well as increasing its Siemens‐specific service capabilities for current and future customers across Europe and the Middle East.

Althea’s Group Chief Executive commented, “Our acquisition of Spintech is a another step in expanding our geographic footprint into attractive, high‐growth segments of the market where there is unmet demand for more high‐quality, flexible and cost‐effective services for diagnostic imaging medical equipment and broader asset management solutions for hospitals and imaging centres.  Abdullah Yasar and the Spintech team bring a history of entrepreneurialism and innovation in medical imaging system services and managed equipment solutions which provide a great fit with our current portfolio and with our culture within the Group.  Spintech also fortifies our local electronics and medical device repair capabilities qualified under our ISO 13485 quality certification that will serve for future platform expansion in Turkey and surrounding markets.”

Spintech was established in 2011 by a group of former Siemens Healthcare modality managers and field engineers seeking to provide a high‐quality and more cost‐effective multi‐vendor service solution to better meet the rigorous demands of the Turkish market. Under its earlier partnership with MESA, the group quickly broadened from its roots in supporting Siemens diagnostic imaging systems to develop its multi‐vendor capabilities supporting various OEM platforms and providing comprehensive maintenance and asset management services, as well as turnkey managed equipment solutions for MRI, CT, PET‐CT, Angio and other general X‐ray radiology systems.

“We see strong synergies with Althea in the multi‐vendor services and asset management solutions they have been providing throughout Europe and in their recent acquisitions and see that we can extend their service and supply chain capabilities within the Turkish and surrounding markets,” said Abdullah Yasar, General Manager of Spintech, “We share with our new colleagues in Althea the values and passion of putting quality and our customers first, and we are excited to have the opportunity to support their ISO 13485 certified service models with our own quality service with certifications from the Turkish Standards Institution. Because quality and customer service come first in all of these companies, we see tremendous opportunity for more rapid expansion in Turkey as a combined team.”

Spintech currently provides diagnostic imaging and asset management services to both government hospitals and private healthcare customers in more than half of the developed Turkish provinces as well as in Kazakhstan, Azerbaijan, Turkmenistan and the Middle East.

Mr. Yasar added, “We share Althea’s vision for integrated healthcare and asset management service solutions and believe we can add significant benefit to the Group’s core value proposition of improving the quality of patient care by providing more reliable and efficient quality service in support of the clinical healthcare environment.”

Althea provides diagnostic imaging and asset management services on a global scale, with operations across 12 countries. Having recently increased its UK presence through its combination with Asteral, and further consolidating its presence in the Polish market through the purchase of MVS, Althea now provides imaging and clinical services to more than 600 hospitals and diagnostic imaging healthcare clinics across Europe and the Middle East.