Medical technology company Nanox has signed a distribution deal with SPI Medical to bring its digital x-ray systems to Mexico.
Under the terms of the seven-year agreement, the companies will collaborate on deploying and operating 630 Nanox ARC and Nanox Cloud systems, pending receipt of regulatory approvals and testing clearance. SPI has agreed to pay Nanox a minimum annual service fee of $17 million per year, guaranteed by a standby letter of credit in favor of Nanox and renewable on an annual basis, according to the companies.
The companies aim to provide medical imaging services across Mexico at affordable prices for communities of varying socioeconomic statuses.
