Olshan Represents Digirad in Agreement to Acquire DMS Health Technologies
The Deal (subscription required) reported that Olshan represented Digirad in an agreement to acquire DMS Health Technologies, Inc. for $36 million in cash from Los Angeles based Platinum Equity. Digirad received a commitment letter from Wells Fargo Bank, N.A., for a total senior secured credit facility of up to $40 million that Digirad intends to use to partially fund the transaction, along with cash on hand. Transaction is expected to close by December 31, 2015. Olshan attorneys representing Digirad on this transaction included Adam Finerman, Johnathan Duncan from the Corporate group; Marc Limardo from Tax; Andrew Lustigman from Advertising; Aliza Herzberg and Lori Barnea from Employment Practices; Hyman Kindler from Real Estate and Jeremy King from Insurance.