Digirad gains on sale of mobile healthcare unit

Star Equity Holdings

03/11/2020 21:55

** Shares of Digirad Corp  DRAD.O  rise 24% to $3.14 after
market
    ** Diversified holding company enters into stock purchase
agreement to sell its DMS Health Technologies Inc for $18.75 mln
(https://bit.ly/3jWTJSJ)
    ** Net proceeds from the sale of the mobile healthcare unit
to be used to pay down debt and finance Digirad's growth
strategy; agreement expected to close in January - DRAD
    ** DMS Health, which provides contract diagnostic imaging,
generated rev of $41.3 mln in 2019

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))