M&A Deal Summary

SHINE Technologies Acquires Lantheus Medical Imaging - SPECT Business

On May 6, 2025, SHINE Technologies acquired life science company Lantheus Medical Imaging - SPECT Business from Lantheus Medical Imaging

Acquisition Highlights
  • This is SHINE Technologies’ 1st transaction in the Life Science sector.
  • This is SHINE Technologies’ 1st transaction in the United States.
  • This is SHINE Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2025-05-06
Target Lantheus Medical Imaging - SPECT Business
Sector Life Science
Buyer(s) SHINE Technologies
Sellers(s) Lantheus Medical Imaging
Deal Type Divestiture

Target

Lantheus Medical Imaging - SPECT Business

Massachusetts, United States
Lantheus Medical Imaging's SPECT Business product portfolio includes imaging agents for the heart, lung, thyroid, bladder and more.

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Buyer(S) 1

Buyer

SHINE Technologies

Janesville, Wisconsin, United States

Category Company
Founded 2010
Sector Life Science
DESCRIPTION

SHINE Technologies engages in developing innovative fusion-based technology that combines safety, cost-efficiency and environmental responsibility. SHINE has successfully commercialized fusion across multiple applications, including neutron testing markets such as neutron radiography, radiation-effects testing and fusion material research. It has commercialized and is scaling its proprietary medical isotope production, processes, supplying high-quality radioisotopes essential for procedures including diagnosing heart disease and cancer as well as cancer therapy. SHINE Technologies was founded in 2010 and is based in Janesville, Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Lantheus Medical Imaging

Bedford, Massachusetts, United States

Category Company
Founded 1956
Sector Medical Products
Employees808
Revenue 1.5B USD (2024)
DESCRIPTION

Lantheus Medical Imaging is a supplier of radiopharmaceuticals and contrast agents for nuclear and ultrasound-based cardiovascular diagnostic imaging procedures. Lantheus Medical Imaging was founded in 1956 and is based in Bedford, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-28 Evergreen Theragnostics

Springfield, New Jersey, United States

Evergreen Theragnostics is focused on improving the available options for cancer patients using radiopharmaceuticals. The company is engaged in Contract Development and Manufacturing (CDMO) services as well as drug discovery and commercialization of proprietary products. Evergreen Theragnostics was founded in 2019 and is based in Springfield, New Jersey.

Buy $250M