M&A Deal Summary

Philips North America Acquires Digirad - MDSS Service

On December 27, 2017, Philips North America acquired business services company Digirad - MDSS Service from Star Equity Holdings for 8M USD

Acquisition Highlights
  • This is Philips North America’s 1st transaction in the Business Services sector.
  • This is Philips North America’s largest (disclosed) transaction.
  • This is Philips North America’s 1st transaction in the United States.
  • This is Philips North America’s 1st transaction in Georgia.

M&A Deal Summary
Date 2017-12-27
Target Digirad - MDSS Service
Sector Business Services
Buyer(s) Philips North America
Sellers(s) Star Equity Holdings
Deal Type Divestiture
Deal Value 8M USD

Target

Digirad - MDSS Service

Suwanee, Georgia, United States
Digirad Corp. - MDSS Service is a provider of post warranty contract maintenance services for large diagnostic imaging equipment, primarily in the upper mid-west region of the United States.

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Buyer(S) 1

Buyer

Philips North America

Andover, Massachusetts, United States
Category Company
Founded 1933
Sector Medical Products
DESCRIPTION

North American Philips Corp. is a health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

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 2 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 3
State (Georgia) 2 of 3
Country (United States) 2 of 4
Year (2017) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 DMS Health Technologies

Fargo, North Dakota, United States

DMS Health Technologies offers a wide range of imaging services including mobile, interim, and fixed-site solutions. DMS Health Technologies was founded in 1972 and is based in Fargo, North Dakota.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 ATRM Holdings

Oakdale, Minnesota, United States

ATRM Holdings is a manufacturer of modular housing units for commercial and residential applications. ATRM operates in two segments: (i) modular building manufacturing and (ii) structural wall panel and wood foundation manufacturing, including building supply retail operations. The modular building manufacturing segment is operated by KBS Builders, and the structural wall panel and wood foundation manufacturing segment is operated by EdgeBuilder. Both KBS Builders and EdgeBuilder are wholly-owned subsidiaries of ATRM. ATRM Holdings was formed in 1982 and is based in Mahtomedi, Minnesota.

Buy -
Mergr

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