Digital x-ray developer Swissray International has completed a reorganization and merger, in which all existing common and junior preferred equity was converted into a right to receive a nominal amount of cash. Senior preferred equity was converted into common equity, according to the Elizabeth, NJ-based vendor.
In addition, certain existing vendors have invested an aggregate of $5 million in an equity investment, Swissray said.
By AuntMinnie.com staff writers
April 14, 2006
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