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MGC Diagnostics Corp (MGCD.OQ)

MGCD.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

MGC Diagnostics Agrees To Be Acquired By Altus Capital Partners
Monday, 27 Nov 2017 06:30am EST 

Nov 27 (Reuters) - MGC Diagnostics Corp ::MGC DIAGNOSTICS CORPORATION AGREES TO BE ACQUIRED BY ALTUS CAPITAL PARTNERS.MGC DIAGNOSTICS - ‍ALTUS WILL ACQUIRE ALL OUTSTANDING SHARES OF MGCD FOR $11.03 PER SHARE IN CASH, OR APPROXIMATELY $50.3 MILLION​.MGC DIAGNOSTICS - ‍ALTUS WILL COMMENCE A TENDER OFFER FOR ALL CO'S SHARES AFTER NOVEMBER 27, 2017​.MGC DIAGNOSTICS CORP- ‍MGCD'S BOARD UNANIMOUSLY APPROVED ACQUISITION AGREEMENT​.MGC DIAGNOSTICS CORP - ‍UPON COMPLETION OF DEAL, MGCD WILL BECOME A PRIVATELY HELD COMPANY​.MGC DIAGNOSTICS CORP- PURCHASE PRICE WILL BE FUNDED THROUGH EQUITY COMMITMENTS MANAGED BY ALTUS & SENIOR & MEZZANINE COMMITMENTS FROM THIRD PARTIES​.  Full Article

MGC Diagnostics Corp reports Q3 earnings per share $0.17
Wednesday, 6 Sep 2017 04:02pm EDT 

Sept 7 (Reuters) - Mgc Diagnostics Corp :MGC diagnostics corporation reports fiscal 2017 third quarter results.Q3 earnings per share $0.17.Q3 revenue rose 6 percent to $10.4 million.MGC Diagnostics Corp - ‍Sales backlog increased 37% to $2.3 million at end of quarter​.MGC Diagnostics - ‍During fiscal 2017 Q4, expect to introduce a new medisoft cardiorespiratory product that incorporates medical graphics' technology​.MGC Diagnostics Corp - ‍Review of strategic options is ongoing​.MGC Diagnostics Corp - ‍ Expect new medisoft cardiorespiratory product to drive international sales​.  Full Article

MGC Diagnostics appoints Larry R. Degen as interim CFO
Friday, 1 Sep 2017 02:34pm EDT 

Sept 1 (Reuters) - Mgc Diagnostics Corp ::Says on Aug 30, board of co appointed Larry R. Degen as the company’s interim Chief Financial Officer‍​.Says Degen replaces Jill Burchill, who had been appointed interim Chief Financial Officer in March 2017 ‍​.Says Burchill will continue to serve as an advisor to the company until October 2017 - SEC filing‍​.  Full Article

MGC Diagnostics Q2 loss per share $0.01
Thursday, 1 Jun 2017 04:01pm EDT 

June 1 (Reuters) - MGC Diagnostics Corp ::MGC Diagnostics Corporation reports fiscal 2017 second quarter results.Q2 loss per share $0.01.Q2 revenue rose 4 percent to $9.8 million.Says sales backlog was $1.97 million at end of quarter, compared to $1.86 million at end of fiscal 2016 q2.  Full Article

MGC DIAGNOSTICS Corp Q1 loss per share $0.06
Tuesday, 7 Mar 2017 04:01pm EST 

MGC Diagnostics Corp : MGC Diagnostics Corporation reports fiscal 2017 first quarter results . Q1 loss per share $0.06 .Q1 revenue fell 6 percent to $8.7 million.  Full Article

MGC Diagnostics retains investment banking firm to explore strategic options
Wednesday, 25 Jan 2017 04:03pm EST 

Mgc Diagnostics Corp : Mgc Diagnostics corporation declares $0.70 per share special cash dividend and retains investment banking firm to explore strategic options .Mgc Diagnostics Corp - special committee has retained Minneapolis-based investment banking firm Craig-Hallum Capital Group Llc to advise it.  Full Article

MGC Diagnostics reports Q4 loss per share $0.94
Wednesday, 25 Jan 2017 04:01pm EST 

Mgc Diagnostics Corp : MGC Diagnostics Corporation reports fiscal 2016 fourth quarter and year end results . Q4 loss per share $0.94 . Q4 revenue rose 9 percent to $11.5 million . Says sales backlog was $1.5 million at end of quarter, compared to $2.6 million at end of fiscal 2015 q4 .Mgc diagnostics-non-cash charges incurred during quarter come from internal review of current, expected future financial results of underperforming assets.  Full Article

MGC Diagnostics says gets FDA 510(K) clearance for Resmon PRO FULL, Forced Oscillation Technique device
Tuesday, 28 Jun 2016 08:00am EDT 

Mgc Diagnostics Corp :MGC Diagnostics Corporation receives FDA 510(K) clearance for Resmon(TM) pro full, forced oscillation technique (FOT) device.  Full Article

MGC Diagnostics announces early repayment of debt
Tuesday, 14 Jun 2016 04:01pm EDT 

MGC Diagnostics Corp : MGC Diagnostics Corporation announces early repayment of debt . Paid off remaining $2.5 million balance of its 5-year, $4.0 million term loan and has terminated its revolving credit facility with BMO Harris Bank . Announced it has resolved pending litigation with Neurovirtual regarding a disputed distribution agreement . Says in connection with settlement, MGC will record a pre-tax charge of $670,000 for quarter ended April 30, 2016 .Parties agreed to settle lawsuit for a one-time cash payment of $650,000 by MGC Diagnostics to Neurovirtual.  Full Article

MGC Diagnostics posts Q2 EPS of $0.10
Wednesday, 1 Jun 2016 04:01pm EDT 

MGC Diagnostics Corp : Q2 earnings per share $0.10 . Reports fiscal 2016 second quarter results .Q2 revenue rose 8 percent to $9.4 million.  Full Article

BRIEF-Altus Capital Partners Commences Tender Offer for All Outstanding Shares of MGC Diagnostics Corp

* ‍ALTUS CAPITAL PARTNERS - AC BREATHE MERGER SUB INC COMMENCED PREVIOUSLY-ANNOUNCED TENDER OFFER FOR ALL SHARES OF MGC DIAGNOSTICS CORP AT $11.03/SHARE​ Source text for Eikon: Further company coverage: