On July 27, 2022, Canon Medical Systems USA, Inc., a commercial subsidiary of Canon Medical Systems Corporation, an independent group company of Canon Inc. and a global leader in innovative diagnostic imaging technology, announced the completion of the acquisition of NXC Imaging, a medical imaging equipment distributor and service provider headquartered in Minneapolis, Minnesota.
The Healthcare Investment Banking practice of Kroll served as an exclusive sell-side M&A advisor to NXC Imaging in connection with the transaction.
About NXC Imaging
NXC Imaging, headquartered in Minneapolis, Minnesota, is an employee-owned company in business since 1964. NXC is a distributor and service provider of capital medical equipment – MRI, CT, vascular, ultrasound, X-Ray, and C-Arms, representing premier diagnostic imaging manufactures, Canon, Carestream and Ziehm. NXC Imaging operates as a wholly-owned subsidiary of Canon Medical Systems USA, Inc. and continues to provide its customers with the exceptional level of “Never Ordinary” service they are accustomed to. Fredrikson & Byron P.A served as legal counsel to NXC Imaging.
About Canon Medical Systems USA, Inc.
Canon Medical Systems USA, Inc., headquartered in Tustin, Calif., markets, sells, distributes and services radiology and cardiovascular systems, including CT, MR, molecular imaging, ultrasound, X-Ray and interventional X-Ray equipment. Greenberg Traurig, LLP served as legal counsel to Canon Medical Systems USA, Inc.
About Canon Medical Systems Corporation
Canon Medical offers a full range of diagnostic medical imaging solutions, including CT, X-Ray, ultrasound, vascular and MR, as well as a full suite of Healthcare IT solutions across the globe. In line with our continued Made for Life philosophy, patients are at the heart of everything we do. Our mission is to provide medical professionals with solutions that support their efforts in contributing to the health and wellbeing of patients worldwide. Our goal is to deliver optimum health opportunities for patients through uncompromised performance, comfort and safety features.
About Canon Inc.
Canon Inc. (TSE:7751), headquartered in Tokyo, Japan, is a leader in the fields of professional and consumer imaging equipment, industrial equipment and information systems. Canon’s extensive range of products includes production printers, multifunction office systems, inkjet and laser printers, cameras, video and cinematography equipment, network cameras, medical systems and semiconductor-manufacturing equipment. Originally established in 1937 as Precision Optical Industry, Co., Ltd., a camera manufacturer, Canon has successfully diversified and globalized to become a worldwide industry leader in professional and consumer imaging systems and solutions. With approximately 195,000 employees worldwide, the Canon Group includes manufacturing and marketing subsidiaries in Japan, the Americas, Europe, Asia and Oceania; and a global R&D network with companies based in the United States, Europe, Asia and Australia.