This report originally appeared in the December 2009 issue of DOTmed Business News

Closed Doors, Open Sales
Bossier was a fifteen-bed specialty hospital in Bossier, Louisiana. Unfortunately, after only five years they were forced to shut their doors. Anxious to satisfy their creditors as best they could, they were highly motivated to sell off all their instruments and equipment at the highest fair market value they could get. Yet, they had to move things quickly.

They turned to DOTmed and working with Auction Specialists, set-up a Virtual Auction House. The Auction House currently offers more than 100 items ready for Auction Bidders to scoop up. Bossier will continue to work with Auction Specialists to reach DOTmed's extensive audience, allowing them to get the largest return on their equipment and helping them to address creditor concerns. Interested parties can view these Auctions by visiting DOTmed.com.

Magnets Attract Attention
A major magnet OEM had two warm magnets located at their facility and weren't sure how to best market them in order to recoup their costs. However, after speaking with DOTmed.com, they decided to run the magnets in an online Full-Service Managed Auction.

The auction completed its first auction cycle with no winning bids, but had several interested parties watching the proceedings. The DOTmed Auction Team made a few calls to gauge the level of interest and re-launched the auction.

During the second auction cycle, DOTmed spoke with a company interested in purchasing the magnets for scrap. They were instructed to put their most reasonable bid in. They ultimately placed a bid of $18,000 for both magnets and were successful in their efforts. In that way, even equipment that some might have considered worthless ended up greatly benefitting two parties.

Making Room for Extra Income
A prestigious health care group was experiencing a delicate situation. They had five idle Siemens Cath Labs in an unused wing at one of their hospitals. They needed to sell the rooms to clear space, but had a hard time finding a fair market return offer.

Normally, they would shop the capital assets to a group of local vendors and take the highest bid. However, this time the offers never amounted to much. The prospective buyers were reluctant to make the investment since the rooms contained so many moving parts and two of them had been installed in 1994, while the others were manufactured and installed in 2000 and 2001.

So they turned to DOTmed, where they had been successful in the past and decided to put the offers into a Full Service Managed Auction. Thanks to heavy promoting efforts and our global reach to a targeted audience, there was heavy interest from multiple parties for all five rooms. The decision was made to bundle all five rooms to Auction as a package and the bidding began.

The rooms successfully sold to a health care group in Canada for $40,000. The buyer is planning to reinstall the late model rooms into one of their facilities and needs the older Siemens special procedure rooms for parts. DOTmed assisted the hospital with all the logistics and deinstallation-making the transaction as smooth as possible for the buyer and seller.

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