Mirion Technologies "announced that it has entered into a definitive agreement to sell the physical medicine assets of Biodex Medical Systems to Salona Global Medical Device Corporation for $5M in cash at closing and up to an additional $3 million in deferred cash payments. The deferred cash payments are contingent on the performance of the assets during the 12-month period following closing. The assets generated approximately $18M in revenue with estimated gross margins of 30% during the most recent trailing twelve-month period. The transaction is subject to customary closing conditions and is expected to close on December 31st, 2022."
Published first on TheFly
