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Cedara Software

This article was originally published in The Gray Sheet

Executive Summary

Canadian medical imaging software developer equity stake of about 19% is held by OEM imaging hardware firm Analogic following a private placement of 4 mil. shares of Cedara stock at about $1.87 each, raising approximately $7 mil. (based on current exchange rates). Analogic also has agreed to refinance certain Cedara debts via a credit facility. Analogic will appoint two members to sit on the seven-member Cedara board of directors. Toronto-based Cedara will use the funds raised to reduce debt and increase its working capital
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