News & Expert Insights

Find tips and tricks for increased savings with certified pre-owned purchasing, or maximizing returns with strategic disposition.

3 Reasons Banks and Lenders Should Use BidMed

Nine of the 11 hospitals that closed in the first half of 2019 cited bankruptcy and financial challenges, leaving bankers’ and lenders’ hands full. Asset disposition has become a crucial step in regaining foreclosure costs. BidMed has worked with many financial...

3 Ways To Combat 2019’s High Hospital Closure Rate

Twenty-seven states have seen over 100 of their hospitals close since 2010 and the numbers are not slowing down. According to a recent study by management consultancy firm Navigant, 1 in 5 rural hospitals is at high risk of closing due to financial issues. Another...

What Makes the BidMed Exchange Different?

Whether you’re selling assets or looking to save on purchases, the BidMed Exchange will help maximize your bottom line. BidMed is the only asset disposition company to develop our own in-house, custom-built auction software to connect buyers and sellers, allowing us...

Breaking the Auction and Removal Record for Walnut Hill

Private Dallas medical center Walnut Hill closed abruptly on June 2, 2017, three years after opening its doors. A trustee was assigned to oversee the closure and hired BidMed with a three-week deadline. In 23 days, BidMed organized the sale and removal of over 90% of the facility’s equipment and supplies. They exceeded the total estimates given to their clients by $3 million.

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