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Stock impact report

Digirad Announces Sale of its MDSS Service Contracts to Philips North America

DIGIRAD (DRAD) 
Last digirad earnings: 11/3 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: drad.client.shareholder.com
Company Research Source: GlobeNewswire
SUWANEE, Ga., Dec. 27, 2017 (GLOBE NEWSWIRE) -- Digirad Corporation (Nasdaq:DRAD) (the “Company”) today announced that it has entered into a definitive purchase agreement (“the Agreement”) with Philips North America (“Philips”) to sell its Medical Device Sales and Service (“MDSS”) business unit service contracts.  Total consideration under the Agreement is $8 million. Digirad President and CEO Matt Molchan said, “Over the last few months we have been evaluating our opportunity to run this service business outside our prior Philips relationship, and we determined that the best value for the business would be in the hands of Philips.  We are very pleased with the economics and outcome of this Agreement, and this transaction will better position Digirad to focus on its core business – providing convenient mobile diagnostic healthcare solutions.” The MDSS business unit provided post warranty contract maintenance services for large diagnostic imaging equipment, primarily in the upper m Show less Read more
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