Radiation oncology firm Elekta of Stockholm has finalized plans to acquire radiation treatment planning firm CMS of St. Louis.
Elekta has signed a purchase agreement to acquire CMS for $75 million in cash. The transaction could close as soon as March.
CMS develops and markets advanced radiation therapy planning equipment, and supports more than 1,500 sites in clinical operation worldwide. There are eight clinical installations of its treatment planning for proton therapy devices, which feature the company's Mosaiq information management system.
In fiscal year 2007 (end-September 31), CMS reported orders worth $61 million.
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Elekta moves to acquire planning firm CMS, January 8, 2008
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