Key Developments For Digirad Corporation
Digirad Corporation (DRAD.O) (Consolidated Issue listed on NASDAQ Global Market)
Digirad Corporation Receives 510(k) For Cardius X-ACT Rapid Cardiac SPECT/VCT Imager
Digirad Corporation announced that it has received 510(k) clearance from the US Food and Drug Administration (FDA), enabling the Company to market and manufacture its Cardius X-ACT imaging system. Cardius X-ACT is a cardiac SPECT/VCT imaging system that features a low-dose volume-computed tomography (VCT) attenuation correction system that significantly reduces artifacts in the images caused by overlying tissues increasing interpretive ease and accuracy.
Digirad Corporation Sells Arizona And Nevada Service Hubs
Digirad Corporation announced that it has sold the assets related to its Arizona and Nevada service hub locations. The asset purchase agreement with Ohio-based Antigua Medical Services LLC calls for the sale of portable nuclear imaging cameras, vans and related equipment, and the assignment of certain customer contracts of the former Digirad service hub locations in Las Vegas, Phoenix and Tucson.
Digirad Corporation Names Richard B. Slansky As Chief Financial Officer
Digirad Corporation announced that it has named Richard B. Slansky as Chief Financial Officer of the Company, effective March 9, 2009, replacing Interim Chief Financial Officer Todd Clyde, who will continue to serve as President and Chief Executive Officer.
Digirad Corporation's Board of Directors Approve Share Buyback Program
Digirad Corporation announced that its Board of Directors have authorized a stock buyback program to repurchase up to an aggregate of $2 million of its issued and outstanding common shares. Digirad had approximately 19 million shares outstanding as of December 31, 2008. At current valuations, this repurchase plan would authorize the buyback of approximately 2.1 million shares, or approximately 11% of the Company's outstanding shares.
Digirad Corporation Sells Northern California Service Hubs
Digirad Corporation announced that it has sold the assets related to three northern California service hub locations. The asset purchase agreement with Rancho Santa Fe, Calif.-based MD Office Solutions calls for the sale of portable nuclear imaging cameras, vans and related equipment, and the assignment of certain customer contracts for the former Digirad hub locations in Northern California's Bay Area and Fresno, California. MD Office Solutions is committed to providing outstanding customer care and imaging equipment manufactured by Digirad.
