SOURCE: Block Imaging International, Inc.

Block Imaging International, Inc.

March 17, 2010 00:07 ET

Block Imaging International, Inc. Announces Joint Venture

LANSING, MI--(Marketwire - March 17, 2010) -  Block Imaging International, Inc., the premier independent global marketer of pre-owned and refurbished Medical Imaging systems, announces a joint venture agreement with Japan's M-Cast, Inc., a subsidiary of leasing giant Mitsubishi UFJ Leasing and Finance. This agreement will provide M-Cast with access to Block Imaging's worldwide network of customers for the sale and deployment of Medical Imaging systems returned from lease.

Mitsubishi is one of Japan's largest and most respected financial institutions with a vast leasing portfolio that includes semiconductor manufacturing equipment, industrial machine tools, IT and Medical Imaging systems. MUFJ, through its M-Cast group, finances all types of medical equipment for hospitals and clinics and including high-end CT and MRI systems. Block Imaging International, Inc., headquartered in Lansing, MI USA, has grown dramatically since its inception in 1997 and is now the global leader for the purchase and sale of pre-owned and refurbished Medical Imaging equipment including CT, MRI, PET/CT, X-ray, C-arm, Nuclear, Mammography, Bone Densitometry, Linear Accelerators and Lithotripsy equipment. In 2009 Block established Block Imaging Parts and Service, Inc. which is now a rapidly growing organization dedicated to global sales of parts, in-house refurbishment of imaging systems and an economical shared risk service program, Flex Service. Block has five offices in the USA, one office in Europe and one office in Japan with its Nihon Block Imaging KK subsidiary headquartered in Tokyo.

The partnership between these two significant organizations will efficiently satisfy M-Cast's need for the sale and deployment of its considerable supply of Medical Imaging systems, and Block Imaging's need for more quality equipment to meet its growing global demand. Japan has more Medical Imaging equipment per capita than any other country in the world. Both Parties estimate that in 3 years or less 1,000,000,000 JPY in annual transactions will occur through this joint venture.

Contact Information

  • Contact Information:
    Bruce Block
    Phone: 517-668-8800