IMEC will transfer all tangible assets to MedShare, including $3 million in biomedical equipment that will be donated to strengthen health systems in medically underserved communities.
ATLANTA, January 2, 2019. – MedShare, a global humanitarian aid organization based in Atlanta, announced that it has acquired all tangible and intangible assets from IMEC, a charitable organization that connects biomedical equipment resources with under-resourced communities around the world. The acquisition of assets will allow MedShare to grow its global impact and advance its mission of improving the quality of life of people and our planet. The biomedical equipment assets acquired will essentially double MedShare’s equipment offerings and enable the organization to serve substantially more patients. Upon the completion of transfer of assets to MedShare, IMEC will dissolve as a legal entity, after transforming impoverished communities by providing equipment solutions for health care to physicians, nurses, and healthcare professionals since 1995.
The acquisition of assets from IMEC, based in North Andover, Massachusetts, will considerably increase MedShare’s biomedical equipment donation capabilities. Quality biomedical equipment is severely lacking in developing countries, where The Lancet estimates as much as 40% of all healthcare equipment is broken or otherwise inoperable. In addition to biomedical equipment, IMEC will transfer all tangible and intangible assets (including, among other items, equipment, intellectual property, and all the tangible assets located at IMEC’s warehouse) to MedShare.
The acquisition of IMEC’s assets enables MedShare to donate maternal and neonatal equipment that will save the lives of mothers and newborns who face life-threatening illnesses before, during, and after birth; emergency care equipment to improve the quality and efficiency of treatment provided in the aftermath of disasters; hospital beds and gurneys that will increase the capacity of health systems and provide comfortable care to patients; and diagnostic equipment that will support preventative care and keep communities healthy for years to come.
Charles Redding, CEO and President of MedShare, stated “The acquisition of these critical assets will enhance MedShare’s existing programs and strengthen our overall biomedical equipment offerings needed to help strengthen health systems in underserved communities around the world.” Ellen Oliver, CEO of IMEC, added, “The missions of MedShare and IMEC have always been strategically aligned. We are thrilled that the life-altering work we share will be continued through the good work of MedShare moving forward.”
Angeline Fife, the Chair of MedShare’s Board of Trustees, said, “We look forward to exploring the countless opportunities to increase the reach of MedShare’s global mission this acquisition of assets will create. MedShare’s ability to serve patients, communities, and healthcare providers will be dramatically enhanced, and the positive impact will be felt for years.”
In addition to tangible assets, MedShare will acquire IMEC’s intellectual property, including IMEC’s customized Salesforce project tracking software and the branding of IMEC’s Global Green surplus recovery program. The software will allow MedShare to improve the quality and accuracy of impact metrics and ensure the efficient and effective donation of biomedical equipment to improve healthcare globally. Utilizing Global Green branding will enhance MedShare’s surplus recovery efforts and reduce the burden of the US healthcare system on the environment.
MedShare’s mission is to improve the quality of life of people and our planet. The organization achieves this mission through four program areas: Maternal & Child Health, Primary Care, Infectious Disease Control & Prevention, and Disaster Relief. Each program is bolstered by the support of MedShare’s Biomedical Equipment Training & Repair Service, which provides state-of-the-art biomedical and diagnostic equipment, critical operational training, and equipment repairs in receiving communities. MedShare’s ongoing initiatives will significantly benefit from the acquisition of assets from IMEC. Impacted initiatives include Clean Birthing Kits, The Safe Birth Initiative, Medical Mission Team support, US Free & Safety Net Clinic outreach, and long-term disaster relief and recovery. The acquisition of assets will also position MedShare to better contribute to the achievement of the UN’s Sustainable Development Goals.
MedShare is a 501c(3) humanitarian aid organization dedicated to improving the quality of life of people, communities, and our planet by sourcing and directly delivering surplus medical supplies and equipment to communities in need around the world. In 2018 MedShare has celebrated 20 years of impacting its local and global communities. For more information, please visit the organization’s website at www.medshare.org.
IMEC is a 501c(3) organization committed to transforming communities worldwide by providing sustainable equipment solutions for health care projects. Working in collaboration with other humanitarian organizations and individuals, IMEC has helped improve the lives of individuals in over 95 countries since 1995.