BSD Medical Corp.
Medical device firm receives $5.3M quarterly payment
Published in Healthcare Finance, Tax and Law Weekly, June 15th, 2005
The company further reported that while earnout payments are not guaranteed, the payment received is in line with BSD's initial projection that the total payment from the sale would be $30-40 million.
Including the quarterly payment received, BSD's payments to date from the TherMatrx sale have now exceeded $15.5 million. Three additional quarterly payments are projected for approximately August and November 2005, and for February 2006.
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