Financial projections from AngioDynamics (NSDQ:ANGO) about its $372 million deal to acquire Navilyst Medical show that it expects to reap some significant rewards from the merger over the short and long terms.
Foundation Radiology Group
Safeguard Scientifics (NYSE:SFE) led a $7 million Series A financing round for health care IT company Medivo that provides data analytics and lab testing services.
Imaging outsourcing company Foundation Radiology Group completed a $6 million "Series A1" round, sourced from previous investors.
The company plans to use the funding to expand into new markets, but CFO Barbara Beaudin declined to offer more specifics. Pittsburgh-based Foundation has clients in five states — Pennsylvania, New York, Virginia, Kentucky and Michigan — Beaudin said.