San Diego-based Merry X-Ray Corp. announced Nov. 21 that it acquired Mentor, Ohio-based SourceOne Healthcare Technologies, Inc., to become one of the largest suppliers of radiology imaging equipment in the United States.
Merry X-Ray expects annual sales of more than $1.25 billion following the acquisition, according to the company.
Founded in 1956 in San Diego, Merry X-Ray had $255 million in sales in 2004. SourceOne brought in $1 billion last year, the company reported.
Formerly, SourceOne was owned by Beverly Hills-based Platinum Equity, LLC. Financial terms of the companies’ deal were not disclosed.
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, Katie Weeks
