Planar sells medical business segment to NDSsi for $34M

The medical grade monitor industry sure is a competitive one.

First, it was Siemens medical displays business, now it Planar.

NDS Surgical Imaging (NDSsi) has acquired Dome Imaging Systems, the medical business unit of Planar Systems, for a cash purchase of $34.25 million. According to the Beaverton, Ore.-based Planar, proceeds from the sale will be used “to pay off the full outstanding balance of its current line of credit and augment future working capital needs.” 

I’m not going to rant more on Planar, if you are interested, do read more here.

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