Diagnostic Imaging International (DIIG) and Canadian Teleradiology Services (CTS) have entered into an acquisition agreement whereby DIIG acquired all of the outstanding shares of CTS.
In conjunction with the acquisition, DIIG closed $360,000 of its proposed $2 million private placement financing at a price of $0.15 per share.
Richard Jagodnik, CEO of Diagnostic Imaging International, said: “Today is a milestone in the growth of Diagnostic Imaging. The acquisition of CTS propels DIIG to the forefront of Teleradiology in Canada. We can now focus our resources on continuing the three year trend of year over year growth for CTS, while exploring other business expansion opportunities within the diagnostic imaging field in Canada and the US.”