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MAGNET Selects DOTmed.com to Assist Members in Sale of Used Medical Equipment and Idle Assets
Date:11/5/2009

NEW YORK, Nov. 5 /PRNewswire/ -- DOTmed, the leading public medical equipment marketplace, and the leader in online medical equipment auctions, today announced that they have been selected by the Mid-Atlantic Group Network of Shared Services (MAGNET) to assist members in the sale of their used medical equipment and idle assets. MAGNET was created to develop contracts on behalf of its healthcare provider members in the niche market of capital equipment.

Derwood B. Dunbar, Jr., President and Chief Executive Officer of MAGNET commented that central to their decision to work with DOTmed is "their reputation for integrity and transparency in running online auctions which was very important to us. Their commitment to repurposing equipment instead of liquidating helped further to seal the deal. Repurposing finds buyers who want the unit, resulting in a higher sale price, and that of course is good for our members."

With more than 15,000 unique visitors a day, DOTmed has the critical mass that makes online auctions work.

DOTmed President Philip Jacobus said that, "MAGNET and a number of other groups and providers have come to recognize that DOTmed has a full range of capabilities beyond getting the equipment sold at the highest price, we are there end-to-end eliminating multiple hassles for customers. Our personnel know medical equipment -- how to appraise it, negotiate for the best price, handle it and ship it and take care of everything including detailed export paperwork."

In a Full-Service Auction, DOTmed's Auction Team assists with:

  • Evaluating the asset
  • Inventorying and photographing the asset
  • Posting the auction online and recommending pricing
  • Negotiating with bidders
  • Assisting with the de-installation, crating, shipping, insurance and export paperwork if necessary.

DOTmed's role in the process extends through payment collection where the comp
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SOURCE DOTmed
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