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Modular Devices
Modular Devices is a company founded in 1987 in Indianapolis, Indiana.
Modular Devices
Modular Devices is a company founded in 1987 in Indianapolis, Indiana. It specializes in mobile and modular healthcare solutions, including imaging and cleanroom technologies. Modular Devices offers modular labs for cardiology, electrophysiology, MRI, and CT imaging, as well as cleanroom facilities for pharmaceutical and biotech operations.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Indianapolis
Corporate office
Indianapolis, IN, United States
Sector focus
Frequently asked questions
What type of medical imaging equipment does Modular Devices provide?
Modular Devices supplies mobile and relocatable imaging units, including interventional catheterization labs, CT scanners, and MRI suites. These are offered on interim rental or lease agreements, with the firm handling transport, site preparation, installation, and ongoing technical support. The model is designed for hospitals needing temporary or overflow diagnostic capacity without permanent capital expenditure.
Does Modular Devices sell imaging equipment or operate exclusively as a service provider?
Modular Devices operates as a service provider, maintaining its own fleet of mobile imaging units for rent or lease to healthcare institutions. The firm does not market itself as an equipment distributor or reseller. Its revenue stems from deployment fees and recurring service contracts tied to equipment uptime, not from asset sales.
Where does Modular Devices deploy its mobile imaging fleet?
The firm's fleet is deployed across the United States, serving regional hospitals, surgical centers, and outpatient networks. Its Indianapolis headquarters functions as the operational and logistics center, with equipment dispatched on a project basis to client sites nationwide. No international operations are publicly documented.
How is Modular Devices different from large OEMs like GE HealthCare or Siemens?
Unlike OEMs that generate revenue primarily through equipment sales and multi-year service contracts on permanently installed systems, Modular Devices carries its imaging assets on its own balance sheet and earns income through interim deployments. This fleet-ownership model allows hospitals to access advanced imaging capacity on a variable-cost basis, avoiding large capital outlays and long procurement timelines associated with OEM purchases.
Is Modular Devices backed by private equity or family office capital?
There is no public record of external institutional investment in Modular Devices. The firm has not disclosed any private equity backing, family office affiliation, or outside capital partners. Its capital structure and ownership remain private.
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