CEO of Global Med Systems | Dad of 5 | 15+ years of turning used med equipment sales into your easiest revenue stream |$40M+ transacted in medical equipment
My refurbished medical sales business went from $7 million in 2023 to a projected $20 million by end of 2026.
Here's what changed:
In March of 2024 we acquired an online auction company in Florida.
That single move changed the entire growth profile of everything we had built.
Our original refurbishing operation in New York is profitable but nearly impossible to scale fast.
You need:
- trained technicians
- physical space in every new market
- years to build the right team from scratch
The auction model needed none of that.
Customers consign the equipment directly to us, we list it, we run the auction, we settle payment and forward within 2 weeks.
The fastest way forward is finding what scales without friction.
@JNJMedTech A lot of people just throwing the term advanced next to things and it doesn't necessarily make sense.
This though, checks out.
I just want people to be conscious of the buzzwords
@JNJMedTech If you don't know how to properly use the medical equipment, then you have no hope.
Hard truth maybe but a necessary discussion for this business.
@sciqst Bad for medtech?
Of course not.
Our course has just changed a bit in this specific case.
Efficiency in the beginning allows for more opportunity for tech in the middle of the treatment process.
@Berci AI is coming to medicine. Seeing it in medtech.
And people being uncomfortable isn't going to affect businesses being more efficient with costs.
They just aren't going to care.