Oxford Instruments acquires Platinum Medical Imaging
Oxford Instruments has purchased Platinum Medical Imaging for $18 million, with a deferred payment of up to $37 million over the next three years. The additional payment is dependent upon the company’s performance over that period.
Platinum provides equipment and training for MRI and CT systems, and employs 33 staff members in California and Florida.
Platinum will be combined with Oxford’s existing MRI service businesses in North America, according to the company. Oxford CEO Jonathan Flint said the acquisition will help the company achieve a compound annual growth rate of 14 percent by 2014.
Platinum provides equipment and training for MRI and CT systems, and employs 33 staff members in California and Florida.
Platinum will be combined with Oxford’s existing MRI service businesses in North America, according to the company. Oxford CEO Jonathan Flint said the acquisition will help the company achieve a compound annual growth rate of 14 percent by 2014.