Richardson Electronics, Ltd. (NASDAQ: RELL) announced the strategic asset sale of a majority of Richardson Healthcare to DirectMed Imaging (“DirectMed”).
Under the terms of the transaction, Richardson Electronics sold a substantial portion of the Richardson Healthcare reportable segment to DirectMed. Additionally, Richardson Electronics entered into an exclusive 10-year global supply agreement in which Richardson will supply DirectMed with repaired Siemens CT X-ray tubes. Richardson Electronics will also continue manufacturing ALTA CT X-ray tubes for DirectMed for approximately 12 to 18 months. The remaining assets and operations of the Richardson Healthcare reportable segment, primarily CT X-ray tube manufacturing and repair, will be consolidated into the Company’s PMT reportable segment.
For more information, please read the complete press release.
For details on how this change may affect your relationship with the company, please refer to the customer FAQ link below. This includes updates on service offerings, support, and any other business-related implications.
Form more information, please read the Customer FAQs.
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