M&A Deal Summary

Novadaq Technologies Acquires Digirad - Imaging Lymph Nodes and Surgical Margin Assets

On August 2, 2013, Novadaq Technologies acquired medical products company Digirad - Imaging Lymph Nodes and Surgical Margin Assets from Star Equity Holdings for 2M USD

Acquisition Highlights
  • This is Novadaq Technologies’ 2nd transaction in the Medical Products sector.
  • This is Novadaq Technologies’ 3rd largest (disclosed) transaction.
  • This is Novadaq Technologies’ 2nd transaction in the United States.
  • This is Novadaq Technologies’ 1st transaction in Georgia.

M&A Deal Summary

Date 2013-08-02
Target Digirad - Imaging Lymph Nodes and Surgical Margin Assets
Sector Medical Products
Buyer(s) Novadaq Technologies
Sellers(s) Star Equity Holdings
Deal Type Divestiture
Deal Value 2M USD

Target

Digirad - Imaging Lymph Nodes and Surgical Margin Assets

Suwanee, Georgia, United States
Digirad Corp. - Imaging Lymph Nodes and Surgical Margin Assets includes five patent applications, and Novadaq has been granted an exclusive license to 13 patents already issued for using the technology perioperatively.

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Buyer(S) 1

Buyer

Novadaq Technologies

Mississauga, Ontario, Canada

Category Company
Founded 2000
Sector Medical Products
DESCRIPTION

Novadaq Technologies is a developer and provider of clinically relevant fluorescence imaging solutions for use in surgical and diagnostic procedures. Novadaq Technologies was founded in 2000 and is based in Mississauga, Ontario.


DEAL STATS #
Overall 3 of 5
Sector (Medical Products) 2 of 4
Type (Divestiture) 2 of 3
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-23 Xillix Technologies

Richmond, British Columbia, Canada

Xillix Technologies Corp. is a manufacturer of medical device company.

Buy CA$3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 TauTona Group - Surgical Marker Technology

Menlo Park, California, United States

TauTona Group - Surgical Marker Technology is a manufacturer of medical products in US.

Buy -

Seller(S) 1

SELLER

Star Equity Holdings

Old Greenwich, Connecticut, United States

Category Company
Founded 1985
Sector Medical Products
Employees171
Revenue 46M USD (2023)
DESCRIPTION

Star Equity Holdings is a provider of diagnostic solutions. Star Equity Holdings was founded in 1985 and is based in Suwanee, Georgia.


DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 3
Type (Divestiture) 1 of 3
State (Georgia) 1 of 3
Country (United States) 1 of 4
Year (2013) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Telerhythmics

Collierville, Tennessee, United States

Telerhythmics LLC is an out sourced cardiac monitoring services provider.

Buy $4M