• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Swissray expands corporate relationships

Article

Swissray expands corporate relationshipsDigital x-ray developer Swissray International has signed an agreement with Imation to sell that company's DryView laser imaging systems. The one-year agreement is renewable on a yearly basis, according to

Swissray expands corporate relationships

Digital x-ray developer Swissray International has signed an agreement with Imation to sell that company's DryView laser imaging systems. The one-year agreement is renewable on a yearly basis, according to New York City-based Swissray.

Swissray has also signed a distribution agreement with Elscint, who would serve as exclusive distributor for the company's AddOn-Multi-System in the markets of France, Italy, Spain, U.K., Belgium, Luxembourg, Poland, Hungary, Ukraine, Israel, South Africa, Brazil, Mexico, and Canada.

The timing for the agreement proved to be unfortunate, however, as Haifa, Israel-based Elscint's parent Elbit Medical Imaging elected to sell off its Elscint subsidiary in pieces just a few weeks later. In separate deals, GE Medical Systems of Milwaukee purchased Elscint's nuclear medicine and MRI divisions for $100 million, while Cleveland-based Picker International acquired the company's CT business for $275 million. Those deals are expected to close in November.

Despite the news, the changes could turn out to be positive for the company if one of Elscint's new owners elects to pick up distribution of AddOn-Multi-System, said Ueli Laupper, vice president of sales and marketing. If not, Swissray will have to find a new partner.

In other Swissray news, the company announced that its shareholders have approved a reverse stock split at a shareholder meeting in late August (PNN 9/98). The split, which will be no less than 1 for 4 but no greater than 1 for 10, would bring the company into compliance with listing requirements on the NASDAQ stock exchange. The board of directors will implement the stock split at their discretion, according to the firm.

Recent Videos
Employing AI in Detecting Subdural Hematomas on Head CTs: An Interview with Jeremy Heit, MD, PhD
Pertinent Insights into the Imaging of Patients with Marfan Syndrome
What New Brain MRI Research Reveals About Cannabis Use and Working Memory Tasks
Current and Emerging Legislative Priorities for Radiology in 2025
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 2
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 2
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 1
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 1
Teleradiology and Breast Imaging: Keys to Facilitating Personalized Service, Efficiency and Equity
Current and Emerging Insights on AI in Breast Imaging: An Interview with Mark Traill, MD, Part 3
Related Content
© 2025 MJH Life Sciences

All rights reserved.