Hologic settles dispute with Fleet
Hologic has reached a settlement in its two-year dispute with Fleet Business Credit regarding a Master Product Financing Agreement entered into in September 1996. Under the original agreement, Fleet acquired Hologic bone densitometry systems to lease to
Hologic has reached a settlement in its two-year dispute with Fleet Business Credit regarding a Master Product Financing Agreement entered into in September 1996. Under the original agreement, Fleet acquired Hologic bone densitometry systems to lease to physicians on a fee-per-scan basis throughout the U.S. During the course of this three-year deal, Hologic sold around $61 million of bone densitometers. Fleet, however, suffered substantial losses under the program and sought to shift losses to Hologic. The settlement agreement provides for all claims to be dismissed with prejudice, and for Hologic to repay Fleet $3.05 million: $1.5 million cash and a note for $1.55 million payable in three years. Certain fees collected from Fleet customers, including scan overages and excess pool deposits, will be counted against the money Hologic must repay Fleet. This credit could reduce the total due to Fleet in three years from $3.05 million to about $1 million.
The Reading Room Podcast: Current Perspectives on the Updated Appropriate Use Criteria for Brain PET
March 18th 2025In a new podcast, Satoshi Minoshima, M.D., Ph.D., and James Williams, Ph.D., share their insights on the recently updated appropriate use criteria for amyloid PET and tau PET in patients with mild cognitive impairment.
Strategies to Reduce Disparities in Interventional Radiology Care
March 19th 2025In order to help address the geographic, racial, and socioeconomic barriers that limit patient access to interventional radiology (IR) care, these authors recommend a variety of measures ranging from increased patient and physician awareness of IR to mobile IR clinics and improved understanding of social determinants of health.
