Italian radiography vendor Villa Sistemi Medicali is going private in a management-led buyout worth 16.5 million euros ($22.5 million U.S.) in cash as well as other consideration.
Villa has been owned for the last few years by U.S. firm DGT Holdings, which was the parent company of radiography vendor Del Medical Systems Group. Del acquired full control of Villa in 2005, but a few years later parent company DGT began divesting its holdings in the medical imaging industry.
DGT said it was selling Villa to the subsidiary's management and employees, as well as other investors. The deal is contingent on certain conditions including that Villa separate its industrial business from Italian real estate holdings.
