Intermagnetics to Acquire MRI Devices
May 1, 2004 — LATHAM, N.Y., May 18 -- Intermagnetics General Corp., a Latham, N.Y.-based developer of superconducting materials, high-field magnets, medical systems and components, announced it will acquire MRI Devices Corp., a Wauwatosa, Wisc.-based private manufacturer of radio frequency (RF) coils for magnetic resonance imaging (MRI) systems, for $100 million in cash and stock. Glenn Epstein, president and CEO of Intermagnetics, said MRI Devices will be combined with its IGC Medical Advances Inc....