Hospitals, labs, testing facilities, clinics or other types of research facilities may find they have surplus medical and laboratory equipment on hand. This is common if a lab upgrades current equipment, downsizes in testing types of capacity or if a facility begins to outsource some or most of the testing requirements.
Regardless of the reason, this surplus medical equipment can be turned into an asset for the facility. By selling to a used medical equipment company, the process is simple and requires very limited work on the seller’s part. However, when you sell used medical equipment, it is important to know the basic information about the buyer, the market, and the contract.
Know The Reputation of the Buyer
Used medical equipment buyers and the companies they represent should be a known quantity in the market. By working with buyers from established companies, there is a history of how these companies have worked with facilities in the past. A solid reputation for fairness and assistance to sellers is a key factor to consider.
Understand the General Market Price
When you sell used medical equipment to a reputable company and buyer, there is less concern about getting a fair market price on the used equipment. Several factors will come into play with pricing including age, condition, damage, cosmetic appearance and even the capability of the equipment to meet current testing requirements and protocols.
It is simple to call around to various medical equipment supplier offering used or refurbished equipment to find the general price range, but this will only be a guideline to consider.
Understand the Purchase and Payment Contract
Anytime you sell used medical equipment, ensure you receive a signed, dated and complete contract before the equipment leaves the property. Top companies will pay 100% of the price before taking possession of the equipment, and will never buy equipment and withhold payment pending inspection.
