Gendex of Des Plaines, IL, completed its acquisition of the Philipsdental x-ray business in Europe last month, but broke off negotiationsto acquire Transworld X-ray of Charlotte, NC. The dental and medicalx-ray supplier had been interested in Transworld
Gendex of Des Plaines, IL, completed its acquisition of the Philipsdental x-ray business in Europe last month, but broke off negotiationsto acquire Transworld X-ray of Charlotte, NC. The dental and medicalx-ray supplier had been interested in Transworld as an entroeeeinto the mammography market (SCAN 12/25/91).
Transworld is still in the market for an investor and is speakingwith a large corporate prospect, said Jack Cumming, presidentof WDI Capital Markets of Hilton Head, SC. WDI serves as a financialadviser to Transworld.
Philips' sale of its dental business is in line with the largeDutch imaging vendor's previously expressed desire to concentrateon more profitable medical imaging modalities (SCAN 10/9/91).
The dental business had earned 40 million guilders ($22.4 million)in annual revenues for Philips Medical Systems, or about 1% ofthe company's total worldwide revenue. All 65 employees of thePMS Dental Group, located mainly in Germany and France, were transferredto Gendex.
Gendex, which was formed with the acquisition of GE's dentalx-ray business in 1983, is the largest U.S. dental x-ray supplier.The Philips acquisition will allow the company to expand internationallyas well.
BRIEFLY NOTED:
"It is very competitive out there, and this is increasing,"said a GE spokesman. "One of the fallouts will be a reductionof the work force over the next several years."
Prices of MRI systems have been declining internationally forseveral years (SCAN 1/16/91). The consensus among most vendorsat last month's RSNA exhibition is that this trend has hit theU.S. with a vengeance.
Combining the two companies provides a more varied product lineand greater staff resources, a Biodex spokesperson said.
Stay at the forefront of radiology with the Diagnostic Imaging newsletter, delivering the latest news, clinical insights, and imaging advancements for today’s radiologists.
Study Shows Enhanced Diagnosis of Coronary Artery Stenosis with Photon-Counting CTA
July 10th 2025In a new study comparing standard resolution and ultra-high resolution modes for patients undergoing coronary CTA with photon-counting detector CT, researchers found that segment-level sensitivity and accuracy rates for diagnosing coronary artery stenosis were consistently > 89.6 percent.
FDA Expands Approval of MRI-Guided Ultrasound Treatment for Patients with Parkinson’s Disease
July 9th 2025For patients with advanced Parkinson’s disease, the expanded FDA approval of the Exablate Neuro platform allows for the use of MRI-guided focused ultrasound in performing staged bilateral pallidothalamic tractotomy.