Analogic to acquire Ultrasonix Medical Corporation for $83M cash Analogic Corporation announced that it has signed an agreement to acquire privately held Ultrasonix Medical Corporation based in Vancouver, Canada for $83M in cash. Ultrasonix is a supplier of advanced ultrasound systems for point-of-care and general imaging applications with over 5,000 systems installed worldwide. The purchase price paid to Ultrasonix shareholders will be funded out of Analogic's available cash balance. The transaction is expected to close in late February. Analogic expects that this business combination will be neutral to EPS in Analogic's fiscal year 2013, excluding purchase accounting adjustments and transaction related costs, but will become accretive in fiscal year 2014.
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Analogic targeting FY15 revenue from Medical Imaging flat Analogic expects above market double-digit growth in Ultrasoaund in FY15. Sees Security recovering to double digit growth in FY15 on expected improved shipment timing.