Two healthcare companies on opposite sides of the state are joining together in a move expected to help both businesses grow.
Earlier this month The Tomayko Group
, a Pittsburgh firm that sells, maintains and finances medical imaging equipment, announced that it was the new owner of the majority of shares for CardioLogic, a Philadelphia-area startup that sets up and staffs nuclear imaging laboratories. Tomayko's lines of business also include hiring staff for medical testing offices and providing employer health programs.
Jack Tomayko, president of The Tomayko Group, says the deal seemed like a good idea after his company financed several CardioLogic projects. The new arrangement will give Tomayko a foothold to expand its business in the Philadelphia region, he says. Between them, the two companies cover all of Pennsylvania.
CardioLogic, based in Bala Cynwyd, manages Philadelphia-area labs that run medical procedures such as cardiac stress tests. Its new partnership with Tomayko will make it easier for CardioLogic to pursue its goal of expanding into more hospitals and into new geographic areas, company President Dan McNally says.
"We can now tap much larger resources through their management team in Pittsburgh," McNally says. He will keep his job and CardioLogic will remain its own business.
Sources: Dan McNally, CardioLogic; Jack Tomayko, The Tomayko Group
Writer: Rebecca VanderMeulen