Category: Accuray Inc.
Accuray Inc. put red ink into its ledger book for the fourth quarter and full fiscal 2011, as it paid down its $300 million acquisition of rival TomoTherapy; also, Analogic posts double-digit sales and profit gains; Solos Endoscopy reports sales increase; Pro-Dex swings to black ink; Revolutions Medical posts big losses; Visual Healthcare rides the ACA to profitability.
Accuray Inc. (NSDQ:ARAY) may be the fish that swallowed the whale, but it might have bitten off more than it can chew judging from its fourth-quarter and fiscal 2011 results.
The Sunnyvale, Calif.-based radiosurgery device maker paid $300 million for its larger rival TomoTherapy in March. That acquisition sent ARAY into the red for both the quarter and full year.
Accuray's initial proposal of $75 million in convertible senior notes rises to $100 million in official pricing.
Updated: 08/02/2011 1:30 p.m.
Accuray Inc. (NSDQ:ARAY) priced its proposed offering higher than previous estimates, coming in at $100 million in 3.75 percent convertible senior notes made available to institutional investors.
The sale was set to close yesterday, according to SEC filings.
Becton Dickinson's 11-year CEO Edward Ludwig plans to step down to make way for company veteran Vincent Florenza.
Becton, Dickinson & Co. (NYSE:BDX) picked a new man for the corner office this week with the announcement that Vincent Florenza will join the board of directors and take the reins from current board chairman and CEO Edward Ludwig on October 1, 2011.
Accuray Inc. announces plans to offer $75 million in convertible senior notes to institutional investors.
Accuray Inc. (NSDQ:ARAY) announced plans to launch a $75 million offering of senior convertible notes today.
The notes, due Aug. 1, 2016, will be open to institutional investors and the Sunnyvale, Calif.-based company plans to offer the first investor an option to pick up an additional $11.25 million aggregate in principal notes.
Accuray closes its $277 million buyout of TomoTherapy, doubling the radiosurgery device maker's footprint in the radiation oncology space.
Accuray Inc. (NSDQ:ARAY) completed its $277 million acquisition of TomoTherapy Inc. (NSDQ:TOMO), tying the bow on a deal first announced in March 2010.
Toshiba Medical announces the expiration of the initial tender offer period for outstanding shares of Vital Images.
Toshiba Medical Systems Corp. came one step closer the $273 million acquisition of Vital Images Inc. (NSDQ:VTAL) with the announcement that the initial tender offer period had expired.
A total of 11.9 million shares were tendered by expiration time, representing about 72 percent of Vital Images' outstanding common stock on a fully diluted basis.
iRhythm Technologies raises another $15 million, including funds from lead equity round investor St. Jude Medical.
St. Jude Medical’s (NYSE:STJ) partnership with a California-based arrhythmia-diagnostic company is going well enough that it recently poured more money into that startup.