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Imagyn Medical Technologies

This article was originally published in The Gray Sheet

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Executive Summary

Divestiture of the firm's impotence product line to Timm Research Company for approximately $25.8 mil. is outlined in a definitive agreement announced Oct. 9. The acquisition price includes a $9 mil. earnout provision. Separately, Newport Beach, California-based Imagyn has agreed to sell its Allstate adult reusable diaper division to the Pacific Feather Company for undisclosed terms. The sale of the "non-strategic assets" is part of Imagyn's continuing effort to "aggressively reduce costs, improve cash flow, and focus on our core business," explains CEO Charles Laverty in a release

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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