MGC Diagnostics (MGCD) Sells New Leaf Business to Life Time Fitness
MGC Diagnostics Corporation (NASDAQ: MGCD), (formerly Angeion Corporation (NASDAQ: ANGN)), a global medical technology company, today announced it has sold the assets of its New Leaf business to Life Time Fitness, Inc. (NYSE: LTM) effective August 28, 2012. Under the transaction, Life Time paid MGC Diagnostics $1.0 million at closing, and will pay an additional $235,000 over the next 18 months.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lumber Liquidators (LL) Down On Settlement That Has Already Been Accounted For
- Kandi Technologies Group's (KNDI) JV Company Enters Framework Sales Agreement with Pang Da Covering 60k EVs
- Phillips 66 Partners (PSXP) to Take Additional Stake in Explorer Pipeline
Create E-mail Alert Related CategoriesCorporate News
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!