Women's Health Weekly
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Business Update
Company to sell digital mammography intellectual property to Hologic for $32M
July 21st, 2005
Fischer Imaging Corp. (FIMG) said it has entered into a definitive agreement to sell to Hologic, Inc., (HOLX) the intellectual property associated with its mammography business and products, including the rights to Fischer's SenoScan digital mammography and MammoTest stereotactic breast biopsy systems. Under the terms of the agreement, Hologic has agreed to acquire Fischer's mammography intellectual property for a cash purchase price of $32 million. Additionally, Hologic agreed to extend a $5 million secured loan to Fischer as of the execution of the agreement, which amount will be credited toward the $32 million purchase price if the transaction is completed, but which...
Source: Women's Health Weekly (2005-07-21)
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