CompuMed to acquire Northeast Imaging

June 24, 1998

CompuMed of Manhattan Beach, CA, announced this month its intention to acquire the assets of Northeast Imaging Center of East Orange, NJ. The deal will increase CompuMed's revenues by about 50% and will give the firm access to a medical imaging operation

CompuMed of Manhattan Beach, CA, announced this month its intention to acquire the assets of Northeast Imaging Center of East Orange, NJ. The deal will increase CompuMed's revenues by about 50% and will give the firm access to a medical imaging operation in which it could potentially use its products. Northeast Imaging's medical imaging center supplies outpatient care and brings in annual revenues of approximately $1 million. According to CompuMed executives, there will be no personnel changes, but administrative operations will be centralized.

CompuMed's products and services include the developmental Digital OsteoView 2000, a bone-density and arthritis testing device, the OsteoGram bone-density testing software, telemedicine services for cardiology, and online computer interpretation of electrocardiograms. Despite the company's R&D activities, it has had difficulty building a solid revenue stream: The company estimates its 1997 sales at $1.75 million.