Norland Medical Systems of White Plains, NY, has completed the sale of its bone densitometry business to women's healthcare provider CooperSurgical. Norland received $3.5 million at closing and will receive an additional $1.5 million, pending post-closing adjustments and indemnities.
Norland will also receive additional payments based on net sales of certain products over a three-year period, up to a maximum total sales price of $12 million. After the close of the divestiture, Norland changed its name to Orthometrix, in recognition of its new focus on the musculoskeletal market.
By AuntMinnie.com staff writersApril 15, 2002
Related Reading
Norland to sell BMD business to CooperSurgical, February 28, 2002
Norland results ebb, November 14, 2001
Norland revenues slump in 2000, April 5, 2001
Norland, Marconi sign distribution agreement, January 15, 2001
CooperSurgical to distribute Norland bone measurement systems, November 7, 2000
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