Imagyn files for Chapter 11

Urology and surgical company Imagyn Medical Technologies of Newport Beach, CA, filed for Chapter 11 bankruptcy protection last week in an effort to preempt a group of creditors that has been trying to force the company into involuntary bankruptcy. Imagyn executives said they plan to develop a reorganization plan for the company and solicit new financing to get the firm back on its feet. While Imagyn doesn’t participate directly in the radiology segment, the company does have OEM relationships with several medical imaging companies, including International Isotopes and Fischer Imaging.