Richardson Electronics Divests Majority of Healthcare Arm

Dow Jones

01-25

By Connor Hart

Richardson Electronics sold a majority of its healthcare arm and entered into a global-supply agreement with medical-imaging company DirectMed.

Terms of the sale, which closed Friday, weren't disclosed.

The maker of engineered solutions and green-energy products said the deal will simplify its business, improve its financial model and allow it to prioritize opportunities in higher-growth markets.

The remaining assets and operations of its Richardson Healthcare unit--primarily consisting of CT X-ray tube manufacturing and repair--will be consolidated into its Power & Microwave Technologies unit, the company said.

In addition to the sale, Richardson entered an exclusive 10-year global supply agreement with DirectMed, under which it will supply the company with repaired Siemens CT X-ray tubes.

The company's shares rose 12% to $14.70 in post-market trading, and ended the regular session down 1.8%.

San Diego-based DirectMed said the buy will expand its Canon/Toshiba MRI and CT parts expertise and inventory breadth, as well as allow it to enter the Canon/Toshiba CT training market for engineers and biomedical professionals.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 24, 2025 18:23 ET (23:23 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Microwave Technologies unit, the company said. \n</p>\n<p>\n  In addition to the sale, Richardson entered an exclusive 10-year global supply agreement with DirectMed, under which it will supply the company with repaired Siemens CT X-ray tubes. \n</p>\n<p>\n  The company's shares rose 12% to $14.70 in post-market trading, and ended the regular session down 1.8%. \n</p>\n<p>\n  San Diego-based DirectMed said the buy will expand its Canon/Toshiba MRI and CT parts expertise and inventory breadth, as well as allow it to enter the Canon/Toshiba CT training market for engineers and biomedical professionals. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 24, 2025 18:23 ET (23:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506812364","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506812364","pubTimestamp":1737760980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Richardson Electronics sold a majority of its healthcare arm and entered into a global-supply agreement with medical-imaging company DirectMed.Terms of the sale, which closed Friday, weren't disclosed.The maker of engineered solutions and green-energy products said the deal will simplify its business, improve its financial model and allow it to prioritize opportunities in higher-growth markets.The remaining assets and operations of its Richardson Healthcare unit--primarily consisting of CT X-ray tube manufacturing and repair--will be consolidated into its Power & Microwave Technologies unit, the company said.In addition to the sale, Richardson entered an exclusive 10-year global supply agreement with DirectMed, under which it will supply the company with repaired Siemens CT X-ray tubes.The company's shares rose 12% to $14.70 in post-market trading, and ended the regular session down 1.8%.San Diego-based DirectMed said the buy will expand its Canon/Toshiba MRI and CT parts expertise and","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"理查森电子剥离大部分医疗保健部门","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCSG":1,"RELL":1},"content_text":"By Connor Hart \n\n\n  Richardson Electronics sold a majority of its healthcare arm and entered into a global-supply agreement with medical-imaging company DirectMed. \n\n\n  Terms of the sale, which closed Friday, weren't disclosed. \n\n\n  The maker of engineered solutions and green-energy products said the deal will simplify its business, improve its financial model and allow it to prioritize opportunities in higher-growth markets. \n\n\n  The remaining assets and operations of its Richardson Healthcare unit--primarily consisting of CT X-ray tube manufacturing and repair--will be consolidated into its Power & Microwave Technologies unit, the company said. \n\n\n  In addition to the sale, Richardson entered an exclusive 10-year global supply agreement with DirectMed, under which it will supply the company with repaired Siemens CT X-ray tubes. \n\n\n  The company's shares rose 12% to $14.70 in post-market trading, and ended the regular session down 1.8%. \n\n\n  San Diego-based DirectMed said the buy will expand its Canon/Toshiba MRI and CT parts expertise and inventory breadth, as well as allow it to enter the Canon/Toshiba CT training market for engineers and biomedical professionals. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 24, 2025 18:23 ET (23:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}