trending Market Intelligence /marketintelligence/en/news-insights/trending/3wm2-5vpvnp1araaiwiwcg2 content esgSubNav
In This List

Medical Imaging sells healthcare services subsidiary for $2.3M

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery


Medical Imaging sells healthcare services subsidiary for $2.3M

Medical Imaging Corp. sold its interest in operating subsidiary Schuylkill Open MRI Inc. for about $2.3 million.

After clearing debt payments to the Internal Revenue Service and Flow Capital Corp., as well as transaction costs, net proceeds to Medical Imaging were approximately $400,000.

The Taipei, Taiwan-based company paid $625,000 and issued 4.0 million common shares to Flow Capital against its secured debt obligation. The company also reduced the minimum monthly royalty payment to Flow Capital to $6,000.