GSI to acquire NDS Surgical Imaging

Editorial Staff | | Health Imaging | Artificial Intelligence

GSI Group has acquired San Jose, Calif.-based NDS Surgical Imaging (NDSsi) for $82.5 million in cash, subject to customary closing adjustments.

GSI Group is a supplier of laser-based, precision motion and optical technologies, and the acquisition was the result of its medical component market strategy, according to the Bedford, Mass.-based company.

The total purchase price is financed using approximately $25 million of cash on-hand with the remainder from GSI Group’s credit facility. The acquisition closed as of Tuesday, Jan. 15, according to a GSI Group press release. The transaction is earnings accretive and is expected to add more than $80 million in revenue and nearly $12 million of adjusted earnings before interest, taxes, depreciation and amortization to GSI’s financial results in 2013, according to the company.

Editorial Staff

Related Content

Experts highlight 'significant concerns' with fluctuating accuracy of popular large language models
FDA clears AI screening tool for cardiac amyloidosis
Are providers too trusting of AI's advice?
Pairing an alert system with CAD software halves time-to-treatment for pneumothorax
Deep learning reconstruction cuts radiation and contrast dose by half in aortic CTA exams
New study highlights the need to include more challenging datasets in AI training

Around the web

Cardiovascular Business
Positron partners with Upbeat Cardiology Solutions to improve cardiac PET/CT access

Positron, a New York-based nuclear imaging company, will now provide Upbeat Cardiology Solutions with advanced PET/CT systems and services. 

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.