Digirad acquires MD Office

 - merger, acquisition, money, handshake

Digirad Corporation, a developer and manufacturer of medical diagnostic imaging systems, has acquired MD Office Solutions, Inc., a mobile diagnostic imaging provider that services customers in Northern California.

"As we have been discussing over the last year, one component of our growth strategy is to complete disciplined, tuck-in acquisitions within our core businesses,” said Digirad President and CEO Matthew G. Molchan in a release announcing the acquisition. “MD Office is a very well-run business providing the same mobile nuclear diagnostic imaging services as us. They are in a geographical region that we are not currently in, which fits squarely within our acquisition strategy. We are very excited to have the MD Office employees join the Digirad family, and we are excited to be in this new region and the growth opportunities it presents."

MD Office generated $2.9 in revenues in 2014.