The founders of Centurion Service Group are true pioneers of the Medical equipment auction business, experts in surplus consignment sales and hospital closures. Beginning with World Wide Auction Services in 1988, this team has handled sales of over 500 industrial plants and hospitals. They created General Asset Recovery (GAR) in 1995 to respond to the specific need of the medical industry, to consolidate the vast amount of surplus that hospitals generate each year.
GAR specialized in the consolidation and liquidation of medical equipment through warehouse consignment auctions, featuring as many as 150 sellers, with up to 4000 items sold in one day. Soon after inception, GAR became the nation’s largest medical equipment reseller. GAR went on to sign long-term surplus management contracts with hundreds of individual hospitals, leading hospital groups, GPOs and manufacturers.
In 1998 GAR became a prime acquisition target, and was purchased by Neoforma.com, a successful New Economy upstart and one of the leading internet exchanges for medical products and equipment. As the Auction division of Neoforma, its contract base grew to over 750 sellers with over 250,000 items sold per year.
Building the first true online medical marketplace at Neoforma enabled the founders of Centurion to realize the value of the internet as a tool, and how it could be best utilized in conjunction with a physical, live auction sale event. Neoforma restructured in 2001 and spun off peripheral business units, including the Auction Division.
Founders
Erik Tivin - 20 years as an auctioneer and certified appraiser, licensed in over 20 states. President of Worldwide Auction Services and General Asset Recovery. At Neoforma, he was President of Auction Services and Senior Vice President of Neoforma, retiring in 2001. Co-Founder and CEO of Centurion Service Group, LLC.
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