Mammography and x-ray vendor Fischer Imaging said it has completed a private placement of one million shares of its common stock to entities controlled by Deerfield Management. Deerfield acquired the stock at $4 per share, a 56% premium to the Denver-based firm’s closing stock price of $2.56 on Friday, August 25.
The investment will give Fischer financial flexibility as it prepares to launch its SenoScan full-field digital mammography system later this year, according to chairman and CEO Morgan Nields.
By AuntMinnie.com staff writersAugust 29, 2000
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Fischer eyes clearance for digital mammography, February 22, 2000
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