Chicago, IL (May 1, 2016) – BidMed LLC, a healthcare leader in asset liquidation and disposition, announced its 12-month contract with Sturdy Memorial Hospital. BidMed will serve as Sturdy Memorial’s preferred vendor for medical asset disposition, and will perform budgetary analysis for the hospital to maximize savings and returns for their next fiscal year. Sturdy Memorial Hospital will be provided custom asset disposition plan, as well as technology, data, tools, and an app that help to make an informed decision when selling or buying its medical equipment.

“Our goal is to save a substantial amount of money for Sturdy Memorial Hospital through asset disposition. By understanding their capital budget and replacement schedules, we can create a tailored roadmap that maximizes returns,” said Joanne Frogge, president of BidMed.

BidMed LLC – is a leader in the healthcare asset disposition industry, specializing in the buying and selling of pre-owned medical equipment. Powered by innovative technology and proprietary data, BidMed’s services include medical asset valuations, inventory reconciliations, and liquidations. With over 20 years of experience in the asset disposition industry, BidMed provides current, fair market values on pre-owned medical assets using a progressive, in house data analytics tool. In addition, BidMed utilizes a custom, web-based inventory system, auction platform, and supporting mobile App enabling clients to accurately inventory, reconcile, and sell assets with ease and efficiency. BidMed is headquartered in Chicago, IL and has worked with over 250 clients, including hospitals, surgery centers, transition/equipment planning companies, financial lending institutions, and equipment manufacturers.

Sturdy Memorial Hospital – is a locally controlled, not-for-profit acute care community hospital committed to delivery of high quality, compassionate care that exceeds patient expectation. The hospital’s mission is to provide care to the sick and injured, on both an inpatient and outpatient basis, without regard to race, creed, national origin, age, gender, disability, or ability to pay. The hospital is committed to ensuring its trustees, officers, executives, professional staff members, employees, and volunteers comply with the letter and spirit of all applicable laws and regulations, avoid conflicts of interest, conduct hospital business with the highest degree of integrity and honesty, and always respect patient privacy and confidentiality. Sturdy will provide leadership while working in cooperation with public and private health organizations and regulatory agencies to promote the public health and meet the health needs of residents of our service area.