Cedara sells SNS assets

AuntMinnie.com staff writers
Mar 7, 2002

Cedara Software has sold the principal assets of its wholly owned Surgical Navigation Specialists subsidiary to an undisclosed third party for $1.7 million (U.S.). The proceeds will be distributed to SNS creditors, according to the Mississauga, Ontario-based vendor

As the largest creditor of SNS, Cedara said it expects its share to be approximately $1.6 million. With the sale of SNS assets, Cedara said it could now further build its core OEM business, including in the therapy market.

By AuntMinnie.com staff writers
March 8, 2002

Related Reading

Cedara posts flat revenues in Q2, February 18, 2002

Cedara targeted for delisting, January 10, 2002

Cedara net loss widens; firm warns of debt default, November 13, 2001

Analogic buys into Cedara, September 28, 2001

Cedara gets creditor protection for SNS, August 15, 2001

Copyright © 2002 AuntMinnie.com

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