Maximizing Creditor Returns on Medical Equipment

Nine of the 11 hospitals that closed in the first half of 2019 cited bankruptcy and financial challenges, leaving bankers’ and creditors’ hands full. Asset disposition has become a crucial step in maximizing creditor returns on medical equipment.

BidMed has worked with many financial lending institutions to limit losses on distressed assets. As a leader in the healthcare asset disposition industry, we specialize in asset valuations, inventory reconciliations, and liquidations.

If you’re searching for the ideal partner to help recover value from a foreclosed facility, here are a three great reasons to consider BidMed:

High Returns for Healthcare Asset Disposition

BidMed primarily sells to end-users, such as hospitals, surgery centers, and private practices. This direct approach allows for much higher returns and a secure auction platform with verified customers. Our reputation and connections in the industry bring top buyers to our auctions, maximizing creditor returns on medical equipment.

BidMed’s expertise in the healthcare industry also offers insights into medical facilities’ purchasing behavior, improving their ability to sell equipment directly. We can advise when to sell, how to market a sale, and how best to position auctions to achieve the highest returns.

Best Data for Maximizing Creditor Returns on Medical Equipment

BidMed’s specialization in appraising medical equipment also provides an edge for investors. Our proprietary database of secondary market values helps customers price medical capital assets accurately.

We use historical data combined with current market trends to provide fair market values. This gives our banking and lending clients access to up-to-date data and pricing information. Our tech suite, including a custom web-based inventory system, auction platform, and supporting mobile app makes the process of inventory, asset reconciliation, and sales simple and efficient.

Proven Track Record for Minimizing Investment Losses

BidMed continuously achieves and exceeds creditors’ buyout asset prices. Our track record of minimizing investment losses is backed by 20 years’ industry experience for over 250 clients in North America and has earned us the trust of some of the largest creditors in the U.S.

BidMed provides complete on-site project management of liquidation and closure projects to make sure that our clients recover the highest value for all medical assets. Read more about some of our recent closure projects such as the Walnut Hill closure in Dallas, TX.