Centurion Service Group, a Franklin Park, IL-based surplus medical equipment company, received a majority investment from 1315 Capital.
The amount of the deal was not disclosed.
Led by Erik Tivin, founder and CEO, Centurion provides of surplus medical equipment and operates a large medical equipment auction house from its four locations in Chicago, Las Vegas, South Florida, and Dallas.
The company allows hospitals to manage their medical equipment assets and optimize their spend by monetizing used medical equipment through its international marketplace.
The acquisition of Centurion Service Group is intended to further drive focus to the area of medical equipment asset management at hospitals.