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Under the terms of this agreement, Best Medical International Inc., aprovider of radiotherapy and oncology products, will purchase MDS Nordion'sexternal beam therapy and self-contained irradiator product lines. Externalbeam therapy equipment is used in the treatment of cancer, and self-containedirradiators are used for the irradiation of blood to prevent disease and forresearch purposes. Best Medical International Inc. will acquire these twoproduct lines with combined annualized revenues of US $32 million andapproximately 150 employees. The transaction is expected to close over thenext three months. The financial terms are not being disclosed.
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"This sale represents a further focusing of our business at MDS Nordion,"said Steve West, President, MDS Nordion. "By divesting these product lines, wecan direct all of our energy and resources on becoming a leading innovator inthe exciting and growing field of molecular medicine."
The external beam therapy units and blood irradiators are complementary tothe kinds of medical equipment manufactured by Best Medical International Inc.With a strategic focus on improving medical care in developing countries, BestMedical International Inc. will provide an opportunity to expand these productlines.
"These product lines are a great fit with our company," said KrishnanSuthanthiran, President, Best Medical International Inc. "The external beamcancer therapy product line complements our portfolio as we will now be ableto offer the equipment and services required to set up cancer treatmentcentres, a move towards our goal of launching war on cancer globally."
About MDS Nordion
MDS Nordion (www.mdsnordion.com) is a world leader in medical isotopes,radiation and related technologies. It is a business unit of MDS Inc.(TSX:MDS)(NYSE:MDZ). MDS Inc. is a global life sciences company that providesmarket-leading products and services for the development of drugs anddiagnosis and treatment of disease. We are a leading global provider ofpharmaceutical contract research, medical isotopes for molecular imaging,radiotherapeutics, and analytical instruments. MDS Inc. has more than 6,200highly skilled people in 28 countries. Find out more at www.mdsinc.com or bycalling 1-888-MDS-7222, 24 hours a day.
About Best Medical International Inc.
For 30 years, Best Medical has served the medical community with thehighest quality products and unparalleled customer service. Our brachytherapyseeds, gold fiducial markers, supplies, accessories and exam equipmentexemplify our commitment to uncompromised quality and safety. Best MedicalInternational now encompasses a family of trusted companies and organizationswith a proven track record of innovation, quality and service in external beamradiation therapy, brachytherapy and vascular brachytherapy solutions. Findout more at www.teambest.com.
SOURCE MDS Nordion