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DJ Deerfield Scoops Up IMRIS from Bankruptcy --

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OTCRIDER   Friday, 08/14/15 10:16:49 PM
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DJ Deerfield Scoops Up IMRIS from Bankruptcy -- Market Talk

Aug 14, 2015 12:27:00 (ET)


12:27 EDT - A Delaware judge this week cleared health care-focused investment firm Deerfield Management to buy IMRIS's (IMRSQ) medical-imaging business out of bankruptcy. In exchange for the assets, Deerfield will forgive $9.5M of the debt it's owed by IMRIS rather than pay cash. Deerfield's offer was slated to be put to the test at an auction last month, but no rival bidders stepped forward. IMRIS makes medical imaging systems used in neurosurgery and spinal surgery, including a surgical robot system. It filed for chapter 11 in May. (jacqueline.palank@wsj.com; @PalankJ)

(END) Dow Jones Newswires

August 14, 2015 12:27 ET (16:27 GMT)


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