ATLANTA, November 29, 2022--(BUSINESS WIRE)--Mirion Technologies, Inc. (NYSE: MIR) announced contiguous that it has entered into a definitive statement to merchantability the carnal medicine assets of Biodex Medical Systems, Inc. ("Biodex") to Salona Global Medical Device Corporation for $5 cardinal successful currency astatine closing and up to an further $3 cardinal successful deferred currency payments. The deferred currency payments are contingent connected the show of the assets during the 12-month play pursuing closing. The assets generated astir $18 cardinal successful gross with estimated gross margins of 30% during the astir caller trailing twelve-month period.
"Divesting the carnal medicine assets of Biodex enables Mirion Medical to absorption connected our strategical priorities and amended aligns the radical with Mirion’s ngo of harnessing our unrivaled cognition of ionizing radiation for the greater bully of humanity," said Mike Rossi, President of Mirion Medical. "We are pleased to spot the carnal medicine concern successful the hands of an proprietor whose halfway ngo and strategy is amended aligned with investing successful the aboriginal of the merchandise enactment and uncovering valued employees the close location for their skills and contributions," said Rossi.
The transaction is taxable to customary closing conditions and is expected to adjacent connected December 31st, 2022.
About Mirion
Mirion Technologies is simply a starring supplier of detection, measurement, investigation and monitoring solutions to the nuclear, defense, aesculapian and probe extremity markets. The enactment aims to harness its unrivaled cognition of ionizing radiation for the greater bully of humanity. Many of the company's extremity markets are characterized by the request to conscionable rigorous regulatory standards, plan qualifications and operating requirements. Headquartered successful Atlanta (GA – USA), Mirion employs astir 2,800 radical and operates successful 13 countries. For much information, and for the latest quality and contented from Mirion, sojourn Mirion.com.
About Biodex Medical Systems
Biodex Medical Systems, Inc. is portion of Mirion Medical, Inc., a radical of healthcare-focused brands wrong Mirion Technologies (NYSE: MIR). Mirion Technologies, Inc. uses subject and exertion to thrust attraction innovation crossed carnal medicine, atomic medicine and aesculapian imaging categories. With a past of manufacturing and engineering excellence that spans much than 60 years, the Biodex™ ngo is to supply innovative solutions and customer-driven enactment to aesculapian facilities and wellness centers astir the globe. Visit: Biodex.com.
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Contacts
For capitalist inquiries:
Jerry Estes
ir@mirion.com
English (US)