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Healthcare | Corporate Finance Advisory, Mergers & Acquisitions

Medical Diagnostics Acquired by ANMR

  • Medical Diagnostics, Inc. (NASDAQ) is a provider of diagnostic imaging services through a network of magnetic resonance imaging centers
  • Raytel Medical Corp. (NASDAQ) launched an unsolicited tender offer to acquire Medical Diagnostics
  • Medical Diagnostics retained TM Capital as financial advisor to develop alternatives to the Raytel offer
  • TM Capital negotiated the $29 million sale of Medical Diagnostics to Advanced NMR Systems Inc. (NASDAQ)
  • TM Capital also arranged $15 million of senior financing in connection with this transaction

has been acquired by

Medical Diagnostics Acquired by ANMR

TM Capital completed the $29 million sale of Medical Diagnostics, Inc. (NASDAQ) to Advanced NMR Systems Inc. (NASDAQ) following an unsolicited tender offer by Raytel Medical Corp. (NASDAQ)

Details

For more information, contact our healthcare team at:

healthcare@tmcapital.com

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