Intermagnetics sells unit to focus on medical devices
This article was originally published in Clinica
Executive Summary
Intermagnetics says the $52.5m it will receive from the sale of its cooling systems business will go to reducing debt following acquisitions in the medical device field. The Latham, New York company has agreed to sell its Polycold Systems subsidiary to Helix Technology, a Mansfield, Massachusetts-based maker of vacuum technology.