Richardson Electronics Announces Strategic Transaction for its Richardson Healthcare Business Unit

Group 1 - Richardson Electronics sold a majority of its Healthcare assets to DirectMed Imaging, with the transaction closing on January 24, 2025 [1][2] - The sale includes a 10-year global supply agreement for repaired Siemens CT X-ray tubes, and Richardson will continue manufacturing ALTA CT X-ray tubes for DirectMed for 12 to 18 months [2] - The remaining assets of Richardson Healthcare will be consolidated into the PMT reportable segment, aligning with the company's strategic priorities to support its Green Energy Solutions business [3] Group 2 - The transaction is expected to simplify Richardson Electronics' business model and allow the company to focus on profitable opportunities in higher growth markets [3] - DirectMed Imaging is a leading provider of aftermarket diagnostic imaging parts and services, with over 100,000 parts in stock [8] - DirectMed also owns LBN Medical ApS and ScanMed, expanding its capabilities in the medical imaging equipment market [9]