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ELSCINT ACQUISITION OF OTSUKA ELECTRONICS' MRI BUSINESS

This article was originally published in The Gray Sheet

Executive Summary

ELSCINT ACQUISITION OF OTSUKA ELECTRONICS' MRI BUSINESS will give the firm an immediate entry into the mid-range magnetic resonance imaging market. Hackensack, New Jersey-based Elscint, Inc. announced Nov. 27 the signing of a letter of intent to acquire all assets -- including research and development, production, marketing, sales, and more than 90 employees -- of Otsuka Electronics' magnetic resonance imaging business. Terms of the acquisition were not disclosed.
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