Int'l Isotopes buys TIS with RadQual

AuntMinnie.com staff writers

Dec 15, 2010

Radioisotope manufacturer International Isotopes of Idaho Falls, ID, has formed a joint venture with RadQual of Weare, NH, with the companies jointly acquiring Technology Imaging Services (TIS) of Youngstown, OH.

TIS distributes products and services for nuclear medicine, nuclear cardiology, and PET imaging. In 2009, the company had gross revenue of approximately $6 million. The new joint venture will be called TI Services.

The transaction includes all of TIS' accounts receivable, as well as its customer database, office equipment, and inventory. RadQual and International Isotopes plan to rehire employees of TIS and continue business in the same manner as TIS.

Related Reading

Int'l Isotopes gets private placement, November 1, 2010

Int'l Isotopes reports sluggish Q2, August 18, 2010

International Isotopes posts mixed 2009 results, April 2, 2010

International Isotopes raises $3 million, February 25, 2010

International Isotopes files permit with NRC, January 5, 2010

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