PSS World Medical has completed the sale of its imaging distributor Diagnostic Imaging to Los Angeles-based equity firm Platinum Equity for $45 million in cash and the assumption of $71 million in liabilities.
Jacksonville, FL-based Diagnostic Imaging will become a wholly owned subsidiary of Platinum Equity, a private buyout firm specializing in the acquisition and strategic management of technology companies. Platinum Equity also signed an agreement in September to acquire the Health Care Products division of Royal Philips Electronics.
By AuntMinnie.com staff writersNovember 20, 2002
Related Reading
Distributor Diagnostic Imaging sold to L.A. equity firm, November 4, 2002
Philips to sell HCP group, September 11, 2002
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