Misonix sells ultrasound lab business

AuntMinnie.com staff writers
Apr 7, 2009

Ultrasound technology developer Misonix of Farmingdale, NY, has sold its ultrasound lab business for $3.5 million to iSonix.

The division makes scientific and industrial ultrasonic equipment and recorded almost $4.6 million in revenue in fiscal 2008. Misonix said it will use proceeds from the sale to pay down bank debt, increase working capital, and for other corporate purposes.

The firm said it will focus on its minimally invasive ultrasound medical device technology, which in Europe is used for the ablation of tumors and worldwide for other acute health conditions.

Related Reading

Misonix inks Israeli distribution pact, February 23, 2009

Misonix adds Italian distributor, January 6, 2009

Misonix signs Greek distribution deal, October 31, 2008

Misonix inks Italian distribution deal, June 6, 2008

Misonix wins Chile contract, February 22, 2008

Copyright © 2009 AuntMinnie.com

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