GE Medical Systems (US) takes 19% stake in Fischer Imaging:
This article was originally published in Clinica
Executive Summary
General Electric subsidiary GE Medical Systems has acquired a 19% stake in Fischer Imaging through the $10 million acquisition of 1,333,333 shares of Series D Convertible Preferred Stock and several related agreements. The transaction extends a strategic alliance, announced in January 1994, under which Fischer is to design and manufacture certain radiographic systems and specialty products (see Clinica No 587, p 11). The proceeds of the investment are to be used primarily to repay bank debt.