News & Expert Insights

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

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.

How to Bid in Timed Auction Events

Sealed Bid Special Events gather live bids from participants for a set period of time. BidMed’s automated bidding system makes the process simple and easy. There are four general steps for events: Register | View Listings | Submit Bids |...

How to Participate in Sealed Bid Events

Sealed Bid Special Events collect offers from buyers until a set closing date. Offers are then assessed by the seller, who will determine winners for each asset. These winners may be chosen on criteria beyond just the offered price, including buyer reputation. There...

Anatomy of Special Events

Special Events are large-scale sales with a set time frame for multiple listings. These are often the result of facility liquidations due to a closure or move. Events are structured to include three main parts: Event Details | Event Listings |...

Medtronic Recalls Dual Chamber IPGs

The FDA announced that on Jan 17, Medtronic, Inc. has issued a recall for Dual Chamber Implantable Pulse Generators (IPGs) due to a possible circuit error. This has been identified as a Class I recall – the most serious type of recall. Use of these devices may...

Post-Sale Processing for the BidMed Exchange

When a sale on the BidMed Exchange ends, what happens next? How does payment work, how do the buyer and seller get in contact, and how does the buyer receive their new purchase? Here are the 3 main steps that happen following the close of a listing: SMS Update |...

Tracking Bids – Am I Winning?

Note, this post refers to Auction sale types only and is not applicable to Best Offer or Buy Now listings. So you’ve found just the right asset that fits your needs and budget, and you’ve submitted your bid on the BidMed Exchange – congratulations! But how do you know...

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