News

Landauer, Inc. Acquires Global Physics Solutions

Houston, Texas, November 9 - GPS is proud to announce that is has joined Landauer, the world leader in personnel and environmental radiation monitoring services, integrating GPS’ leadership in medical physics with Laundauer's leadership in radiation safety to provide a compelling service offering to customers. The acquisition was completed on November 9, 2009.

Based in Texas with operations throughout the Midwest, GPS is the leading nationwide provider of Medical Physics Services to hospitals and radiation therapy centers. Medical Physics Services is estimated to be a $1 billion domestic market that includes clinical physics support, equipment commissioning, accreditation support, imaging equipment testing and educational services. Medical physicists provide clinical and operational support in the safe application of radiation for diagnosis and treatment of patients.

Bill Saxelby, President and CEO of Landauer, explained, "As we look to expand the scope of our core occupational health monitoring business, the Medical Physics services sector is attractive to us because it is a service model that complements our core business focus of radiation safety and exhibits attractive growth characteristics. Global Physics Solutions is healthcare focused with the same customers as Landauer, has regulatory support, and has a recurring revenue model with high return characteristics. This large and expanding market opportunity provides us with a substantial growth platform and the current market is highly fragmented with no one company controlling more than two percent of the market."

"The GPS leadership is excited to join Landauer," noted Len Wright, President and CEO of GPS. "Landauer's leadership in radiation safety, combined with our leadership in medical physics, will provide a compelling service offering to our shared customers."

Saxelby added, "we chose GPS not only because they are the larges company in the market, but they are also recognized as thought leaders in the industry and have been able to attract expert medical physicists and a blue chip customer base. This move expands our leadership in the radiation science and services arena and helps us better address the desire of the medical community to understand the impact of increased utilization of radiation in medical procedures on patient safety.