Equipment House signs deal with US MedSource

Scientific & Medical Equipment House Co., a company specialized in the import, operation, and maintenance of medical devices and equipment, signed today, April 16, a strategic agreement with the US-based company MedSource.

In a statement to Tadawul, the company said the deal is to launch the first phase of manufacturing medical consumables.  

MedSource is one of the most prominent US companies specialized in the development and manufacturing of high-quality medical products. Founded in 2002 and headquartered in Minnesota, the company offers innovative healthcare solutions to a wide range of providers, including hospitals, surgical centers, emergency services, and government institutions in over 60 countries around the world.

Equipment House CEO Barakat Al-Arifi said the agreement marks a significant milestone toward advancing the localization of medical manufacturing in the Kingdom, in alignment with Vision 2030.

The company aims to produce high-quality medical products locally, Al-Arifi said. He added that this step also reflects Equipment House Co.’s ongoing commitment to establishing strategic partnerships with leading global companies and its distinguished position as a premier healthcare provider in the Kingdom and the region.