Magnetic Resonance Technologies, Inc

What Magnetic Resonance Technologies, Inc does

Magnetic Resonance Technologies, Inc. (MRT) is a privately held, founder-led US firm that specializes in refurbished medical imaging equipment and the full suite of services required to deploy it. The company buys, refurbishes to OEM specifications, and resells used MRI (low-field open 0.3T, 1.5T, 3T), CT (4 to 320 slice), and PET/CT systems from manufacturers such as Siemens, GE, Philips, Canon/Toshiba, and Hitachi, alongside mobile MRI and CT trailers. Its core technology expertise includes RF and magnetic shielding construction for MRI suites, site preparation, professional installation and de-installation with rigging, and ongoing maintenance backed by a 95% uptime guarantee.

MRT monetizes through one-time equipment sales, recurring service contracts, mobile unit rentals and storage, RF shielding construction projects, and consulting engagements for pre-installation planning and project management. Pricing is quote-based and not publicly disclosed. The company runs a direct, sales-led go-to-market: prospective customers submit inquiries through the website, phone, or email, and receive custom quotes supported by an in-house specialist team that handles procurement through long-term service. Founder Mike Profeta, who installed the first super-conducting whole-body imaging magnet in the Western Hemisphere and contributed to early MRI R&D, is the central technical authority.

The customer base is concentrated in US hospitals, imaging centers, and healthcare networks, with named enterprise relationships including Cleveland Clinic, University Hospitals, UPMC, Summa Health, Lake Health, and Mission Health. With only 1-10 employees and roughly 30 years of operating history, MRT functions as a niche specialist in a market dominated by OEM service organizations, leveraging its founder's expertise, accumulated inventory, and referral relationships rather than scale.

Name

Magnetic Resonance Technologies, Inc

Legal name

Magnetic Resonance Technologies

Website

https://mritechnologies.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Magnetic Resonance Technologies is a privately held, founder-led US firm that refurbishes and resells used MRI, CT, and PET/CT imaging systems and provides turn-key installation, RF shielding, and maintenance services to hospitals, imaging centers, and veterinary practices.

Ownership category

akta.pro rank

Product category

Medical Imaging Equipment

NAICS

Medical Equipment and Supplies Manufacturing (3391), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)

SIC

Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Surgical & Medical Instruments & Apparatus (3841)

akta.pro industry

PRIMARYHLAHABAC

Magnetic Resonance Imaging (MRI) Systems

Healthcare & Life Sciences/Medical Devices & Diagnostics/Medical Imaging & Radiology Equipment

SECONDARYHLAHABAB

Computed Tomography (CT) Systems

Healthcare & Life Sciences/Medical Devices & Diagnostics/Medical Imaging & Radiology Equipment

SECONDARYHLAHABAE

Nuclear Medicine & Molecular Imaging (SPECT/PET)

Healthcare & Life Sciences/Medical Devices & Diagnostics/Medical Imaging & Radiology Equipment

SECONDARYHLAHABAL

Portable, Mobile & Point-of-Care Imaging Systems

Healthcare & Life Sciences/Medical Devices & Diagnostics/Medical Imaging & Radiology Equipment

Keywords

• Refurbished MRI equipment
• Medical imaging services
• RF shielding solutions
• CT scanner sales
• Equipment installation

Headquarters

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Medical Equipment Sales: Buying, selling, and trading refurbished MRI, CT, and PET imaging equipment. The company validates quality, performs necessary repairs and refurbishment to bring equipment to OEM specifications.
2. Installation and De-Installation Services: Professional installation and de-installation of imaging equipment including rigging services for moving machines into facilities
3. RF and Magnetic Shielding Services: Construction and installation of RF shielded enclosures for MRI rooms to ensure artifact-free imaging
4. Maintenance and Service Contracts: Ongoing service contracts with parts and labor coverage, including 95% uptime guarantee for maintained equipment
5. Mobile Unit Rental and Storage: Mobile MRI and CT trailers for rent with storage options including individually metered pads
6. Consulting and Project Management: Pre-installation planning, site inspection, vibration and EMI testing, room design, and project management consulting services

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Magnetic Resonance Technologies (MRT) buys, refurbishes, and sells MRI, CT, and PET/CT diagnostic imaging systems, complemented by a turn-key suite of services including equipment procurement, pre-installation planning, site preparation and construction, RF and magnetic shielding, installation/de-installation with rigging, and ongoing maintenance with a 95% uptime guarantee. The company serves hospitals, imaging centers, and multi-facility healthcare networks with both fixed and mobile imaging solutions.

Product overview

Magnetic Resonance Technologies, Inc. (MRT) is a medical imaging equipment company offering a comprehensive portfolio of reconditioned diagnostic imaging systems and related services. The product lineup includes MRI machines across field strengths (Low Field Open 0.3T, 1.5T, and 3T systems from Siemens, GE, Philips, Canon/Toshiba, and Hitachi), CT scanners ranging from 4-slice to 320-slice configurations from GE and Siemens, and PET/CT systems. MRT also provides an integrated suite of services including equipment procurement, pre-installation planning, site preparation and construction, RF shielding installation, professional installation/de-installation with rigging, and ongoing maintenance contracts with 95% uptime guarantees. The company specializes in turn-key solutions, handling everything from equipment sourcing to room buildout to long-term service maintenance.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 95% uptime guarantee on service contracts
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Others

• ETS-Lindgren: Provider of RF and magnetic shielding enclosures for MRI rooms. A direct adjacent specialist in one of MRT's core service lines (RF shielding) and a potential competitor or partner for shielding installation projects.

Direct peers

• Integrity Medical Systems: Refurbished MRI and CT imaging equipment dealer serving hospitals and imaging centers. Directly comparable niche competitor in the secondary imaging equipment market.
• Providian Medical: Refurbished ultrasound and imaging equipment supplier with installation and service capabilities. Operates in the same secondary-equipment niche as MRT, serving hospitals, imaging centers, and private practices.
• DirectMed Imaging: Supplier of refurbished imaging equipment, parts, and service for MRI, CT, and X-ray systems. Comparable business model focused on extending the life of secondary-market imaging equipment for healthcare providers.
• Radiology Oncology Systems: Provider of refurbished radiation therapy and diagnostic imaging equipment, including CT and MRI. Overlaps with MRT in serving oncology and imaging centers with pre-owned capital equipment.
• Soma Technology: Refurbished and new medical imaging and biomedical equipment provider serving hospitals and clinics. Comparable to MRT in product mix (MRI/CT) and customer base (healthcare providers seeking cost-effective equipment).
• Block Imaging: Refurbished MRI, CT, and PET/CT equipment dealer offering procurement, installation, and service. Directly competes with MRT across the same product categories, customer types, and turn-key service model.

Broad incumbents

• Philips Healthcare: OEM of MRI (Achieva), CT, and interventional imaging systems. A primary new-equipment competitor and supplier of refurbished units in MRT's portfolio.
• Siemens Healthineers: Global OEM of MRI, CT, and molecular imaging systems. Source of much of MRT's 1.5T/3T and 16-320 slice CT inventory, and competing new-equipment vendor for the same hospital customers.
• GE Healthcare: Major OEM of MRI, CT, and PET/CT systems. Represents both the source of refurbished inventory MRT resells and the primary competitor for new-equipment sales to hospital systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/magnetic-resonance-technologies-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magnetic Resonance Technologies, Inc