Digirad Corp. (NSDQ:DRAD) said yesterday that it has completed its acquisition of ATRM Holdings, effectively converting Digirad to a diversified holding company. Digirad issued approximately 1.6 million shares of its newly authorized 10.0% Series A cumulative perpetual preferred stock valued at $10 per share in exchange for all of the outstanding shares of ATRM’s common and […]
Digirad board approves deal to acquire ATRM Holdings
Digirad Corp. (NSDQ:DRAD) said this week that its board of directors approved a deal to buy ATRM Holdings as a “kick-off” transaction to convert Digirad to a diversified holding company. As part of the acquisition, Digirad plans to create Series A non-convertible, cumulative, perpetual preferred stock with a stated value of $10 apiece. ATRM shareholders are […]
Digirad pulls trigger on 1-for-10 reverse split
Digirad Corp. (NSDQ:DRAD) said late last week that it pulled the trigger on a 1-for-10 reverse split of its stock. Through the split, the Suwanee, Ga.-based company will put a single share of its common stock in the hands of its customers for every 10 shares of their stock they previously owned. The reverse split is […]
3M names CEO Roman as board chair | Personnel Moves – February 7, 2019
3M (NYSE:MMM) said yesterday that its board of directors nominated CEO Mike Roman as its new chairperson, with current exec chair Inge Thulin announcing their intention to retire. The move is slated to take effect following the St. Paul, Minn.-based company’s annual meeting of shareholders on May 14. “Under Inge’s leadership, 3M evolved into a more […]
JenaValve names Kilcoyne as CEO | Personnel Moves – January 15, 2019
JenaValve Technology said today that it named former ReVision Optics prez & CEO John Kilcoyne as its new chief executive officer, effective immediately, replacing Dr. Victoria Carr-Brendell, who has taken up an executive leadership position with Sonova Holding AG (SIX:SOON). Prior to his time at ReVision Optics, Kilcoyne served as prez & CEO at Micrus Endovascular where he […]
Digirad shares drop on Q3 earnings release
Shares in Digirad Corp. (NSDQ:DRAD) have fallen today after the company posted third quarter earnings that saw sales shrinking slightly. The Suwanee, Ga.-based company posted losses of $1.4 million, or 7¢ per share, on sales of $25.7 million for the three months ended September 30, seeing losses shrink 84% while sales shrunk 0.3% compared with the […]
Digirad plans conversion to holding company, tags Noble as new COO
Digirad Corp. (NSDQ:DRAD) said yesterday it plans to convert into a diversified holding company and that it hired David Noble as its new chief operating officer. The Suwanee, Ga.-based company said it acquired ATRM holdings as an initial “kick-off” transaction as part of its conversion into a holding company. In the deal, shareholders in ATRM will receive […]
Digirad nudges share price up on stronger sales
Digirad (NSDQ:DRAD) met an analyst’s earnings expectations and beat the sales forecast, sending share prices up slightly today. Suwanee, Ga.-based Digirad posted net losses of -$350,000 or -2¢ per share on sales of $27.1 million for the three months ended June 30, cutting its losses by -80.2% on sales growth of 4.1% compared with Q2 2017. A […]
Sunrise Labs executes succession plan | Personnel Moves – April 5, 2018
Medical device and life science development group Sunrise Labs said this week that it completed its succession plan, with president Eric Soederberg acquiring the majority of shares in the company through a stock sale with founder and board chair Drew Sunstein. With the transaction, the Bedford, N.H.-based company said that it secured its planned ownership […]
Digirad settles wage, employee handling lawsuit for $1m
Digirad Corp. (NSDQ:DRAD) said recently it paid $1.3 million to settle a suit brought against it by a former employee claiming the company treated its employees inappropriately. The class action suit was filed in the Alameda County Superior Court by former employee Shaun Smith on behalf of them and other employees. The suit claims that Digirad and […]
Digirad closes $8m sale of medical device sales & services biz to Philips
Digirad Corp. (NSDQ:DRAD) said today it closed the sale of its medical device sales and service business and associated contracts to Royal Philips (NYSE:PHG) for $8 million. The divested MDSS business provides post-warranty maintenance for large diagnostic imaging equipment, mostly in the upper mid-west region of the US, Suwanee, Ga.-based Digirad said. “We are pleased that we were able […]
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