TTG Imaging Solutions, LLC acquired Digirad Health, Inc from Star Equity Holdings, Inc. for $40 million.
May 05, 2023
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TTG Imaging Solutions, LLC acquired Digirad Health, Inc from Star Equity Holdings, Inc. for $40 million on May 4, 2023. The $40 million consideration is composed of $27 million in cash, a $7 million promissory note, and $6 million of rollover common equity interest in TTG.
TTG Imaging Solutions, LLC completed the acquisition of Digirad Health, Inc from Star Equity Holdings, Inc. on May 4, 2023.
Star Equity Holdings, Inc. is a diversified holding company. The Company operates through two divisions: Building Solutions and Investments. The Building Solutions division operates in three businesses: modular building manufacturing; structural wall panel and wood foundation manufacturing, including building supply distribution operations; and glue-laminated timber (glulam) column, beam, and truss manufacturing. The modular building manufacturing business services the northeast United States and is operated by KBS Builders, Inc. (KBS) in Maine. The structural wall panel and wood foundation manufacturing business is operated by EdgeBuilder, Inc., and the retail building supplies are sold through Glenbrook Building Supply, Inc. (Glenbrook). The Companyâs Investments division manages and finances the Companyâs real estate assets as well as its investment positions in private and public companies. Its Investments division also holds and manages two manufacturing facilities in Maine.