Digirad Announces Closing of Sale of its MDSS Service Contracts to Philips North America
DIGIRAD (DRAD)
Last digirad earnings: 11/3 06:00 am
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Source: GlobeNewswire
SUWANEE, Ga., Feb. 02, 2018 (GLOBE NEWSWIRE) -- Digirad Corporation (Nasdaq:DRAD) today announced that it had closed its previously announced definitive purchase agreement with Philips North America (“Philips”) to sell its MDSS Service contracts for total consideration of $8 million, less customary closing adjustments. Digirad President and CEO Matt Molchan said, “We are pleased that we were able to conclude the closing of this transaction, and believe the business will be in good hands with Philips. Now that we are closed, we can move forward with focusing on our core business – providing mobile diagnostic healthcare solutions.” The MDSS Service business provided post warranty contract maintenance services for large diagnostic imaging equipment, primarily in the upper mid-west region of the United States for Philips products, and represented a portion of the MDSS reportable segment. About Digirad Corporation Digirad delivers convenient, effective, and efficient healthcare so
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