About PartsSource
PartsSource is a Healthcare company based in Cleveland (United States) founded in 2001, and was acquired by Bain Capital Private Equity in July 2021. PartsSource is engaged in supplying medical equipment parts and services. It operates on a Reseller / Distribution and Managed Services model. PartsSource has raised $50 million across 2 funding rounds from investors including Bain Capital Private Equity, Polaris Partners and Primus Capital. The company has 284 employees. Its chief executive, as recorded, is Philip Settimi. Its website partssource.com draws about 188 thousand monthly visits. PartsSource offers products and services including Medical Parts, Repair & Service Agreements, and PartsSource PRO. Its focus areas include Medical Equipment and Parts and Services. Its legal entity is PARTSSOURCE, INC.
Company details
PartsSource is involved in the distribution of medical equipment parts and related services for healthcare providers. Operations are focused on ensuring equipment uptime and reducing operational risks through solutions like PartsSource PRO. A network of over 5,000 pre-qualified service technicians is maintained for quality repairs. Repair and service agreements are offered to unlock financial, clinical, and labor capacity for healthcare organizations. The company serves various sectors within healthcare, including imaging, patient monitoring, and facilities management.
- Headquarters Cleveland, United States
- Employees 284
- Stage Acquired
- SectorsHealthcare
- Website category Health
- Phone•••• ••••
- Website partssource.com
- Social LinkedIn X
- Acquired by Bain Capital Private Equity (Jul 2021)
- Legal Name Partssource, Inc.
- Total Equity Funding$50M (USD)
in 2 rounds
- InvestorsBain Capital Private Equity
& 4 more
- Employee Count284
- Acquired by
Products & Services of PartsSource
PartsSource offers a comprehensive portfolio of products and services, including Medical Parts, Repair & Service Agreements, and PartsSource PRO.
Medical parts for various healthcare devices are supplied.
Repair and service agreements for equipment are offered.
Solutions for equipment uptime maximization are provided here.
Funding Insights of PartsSource
PartsSource has successfully raised a total of $50M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $50M
- Total Rounds 2
- First Round $50M
(Aug 2008)
- Investors Count 3
All 2 funding rounds of PartsSource with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2026 | Unspecified | – | – | ||
| Aug 2008 | $50M | Private Equity Round | – | – |
5 investors in total: 5 institutional.
Investors in PartsSource
PartsSource has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Bain Capital Private Equity, Polaris Partners and Primus Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused venture capital firm | polarispartners.com | Boston, United States | ||
Private equity investments are directed toward the US and Canada. | primuscapital.com | Cleveland, United States | ||
Private investment firm managing assets and expanding into equity, credit, and real estate services. | 1984 | baincapitalprivateequity.com | London, United Kingdom | |
Business acquisitions are targeted by the private equity firm. | greathillpartners.com | Boston, United States | ||
| memorialhermann.org |
Investor details for PartsSource
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of PartsSource
38 people are tracked at PartsSource (28 in leadership, 10 in team); the tracked headcount is 284.
| Name | Role | Group |
|---|---|---|
Philip Settimi | CEO & President | Leadership |
Jeremy Gesicki | Director Of Ecommerce Marketing | Leadership |
Corey Losinski | Vice President, Product Management - Asset Portfolio | Leadership |
Kathleen Avery | Senior Director, Total Rewards & HR Operations | Leadership |
Travis Matthiesen | Chief Financial Officer | Leadership |
Philip Settimi, MSE MD | President and Chief Executive Officer | Leadership |
Mike Zamis | Chief Product Officer | Leadership |
Alex Gedeon | Chief Operating Officer | Leadership |
David Brennan | Senior Vice President, Product Strategy | Leadership |
Fred Lee | Chief Technology Officer | Leadership |
Alexander Jakosa | VP & Head Of Corporate Development | Leadership |
Kami Bond | Chief People Officer | Leadership |
Jamie Washington | Human Resources Director, People Programs | Leadership |
Ashton Thomas | VP Of Technology | Leadership |
Tyler Fritz | Director Of Pricing & Services Strategy | Leadership |
Francis Vonder Haar | Vice President & General Manager | Leadership |
Kyle Bidwell | Director Of Strategic Partnerships | Leadership |
Erin Tournoux | Vice President Of Client Services | Leadership |
Joan Reed | Vp, Service Sales | Leadership |
Shawn Armstead | Director Of Sales/ Diagnostic Imaging | Leadership |
18 more people are available in the full profile.
Complete people profiles for PartsSource
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PartsSource
5 dated milestones of PartsSource across 25 years, from founding to its latest funding, stage changes and deals.
- Founded PartsSource is founded.
- Funding First funding round of $50.0M.
- Exit Acquired by Great Hill Partners.
- Exit Acquired by Bain Capital Private Equity.
- Funding Latest funding round, Unspecified,.
Web traffic of PartsSource
The website of PartsSource (partssource.com) receives about 187.7K visits a month and ranks #171,755 among all websites worldwide, #5,444 in Health.
- Monthly visits187.7K
▼ 8.9% vs previous month
- Unique visitors83.2K
per month
- Global rank#171,755
among all websites
- Category rank#5,444
Health · Health
- Bounce rate39%
- Pages per visit4.2
- Average visit1 min 35 sec
- DevicesDesktop 61% · Mobile 39%
Websites whose visitors overlap most with PartsSource. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
rpiparts.com | rpiparts.com | 100% | #428,956 | – | |
| somamedicalparts.com | 85% | #12,718,235 | View details | ||
| allpartsmedical.com | 82% | 2.2K | #6,717,183 | View details | |
partsfinder.com | partsfinder.com | 79% | – | ||
| dotmed.com | 78% | #118,835 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for PartsSource
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as PartsSource (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Partssource
Complete news archive for PartsSource
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Frequently Asked Questions about PartsSource
PartsSource was founded in 2001 and raised its 1st funding round 7 years after it was founded.
PartsSource is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Philip Settimi is the CEO of PartsSource, as recorded in our data.
PartsSource is a funded company, having raised a total of $50M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $50M, raised on Aug 2008.
PartsSource has 284 employees.
PartsSource is involved in the distribution of medical equipment parts and related services for healthcare providers. Operations are focused on ensuring equipment uptime and reducing operational risks through solutions like PartsSource PRO. A network of over 5,000 pre-qualified service technicians is maintained for quality repairs. Repair and service agreements are offered to unlock financial, clinical, and labor capacity for healthcare organizations. The company serves various sectors within healthcare, including imaging, patient monitoring, and facilities management.
PartsSource offers Medical Parts, Repair & Service Agreements, and PartsSource PRO.
PartsSource has 5 investors. Key investors include Bain Capital Private Equity, Polaris Partners, Primus Capital, Great Hill Partners, and Memorial Hermann.
PartsSource operates through Partssource, Inc..
Yes. PartsSource was acquired by Bain Capital Private Equity in July 2021.
The website of PartsSource receives about 188 thousand visits a month and ranks #171,755 among all websites worldwide.