Daxor Corporation Acquires Volumex And Megatope From Its Existing Supplier Along With Glofil To Enhance Existing Suite Of Diagnostics; No Financial Terms Disclosed
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Daxor Corporation (NASDAQ:DXR) has announced the acquisition of exclusive rights to Volumex, Megatope, and Glofil from Iso-Tex Diagnostics, Inc. This move is expected to enhance Daxor's diagnostics suite, improve margins, and create new revenue streams. The acquisitions are projected to be cash flow positive and accretive to earnings immediately. The manufacturing will be moved in-house to Daxor's Oak Ridge facility, with payments for the transaction spread over two years after a 6-9 month transition period. The deal is pending regulatory approvals.
March 25, 2024 | 12:11 pm
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Daxor's acquisition of Volumex, Megatope, and Glofil is expected to significantly enhance its diagnostics suite, improve margins, and create new revenue streams.
The acquisition of Volumex, Megatope, and Glofil by Daxor is directly aimed at enhancing its product offerings and financial performance. By internalizing production, Daxor anticipates significantly higher margins and the creation of additional revenue streams. The deal's structure, with seller-provided financing and payments aligned with revenue generation, minimizes immediate financial risk and supports a positive outlook on cash flow and earnings accretion. Given these factors, the acquisition is likely to be viewed positively by investors, potentially leading to a short-term uptick in DXR's stock price.
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