Bingham Aids Platinum Equity's Medical Equipment Co. Buy

Law360, New York (February 7, 2012, 7:07 PM EST) -- California-based private equity firm Platinum Equity has agreed to buy DMS Health Technologies from Minnesota-based investment company Otter Tail Corp., the firm announced Monday.

The private equity firm has signed a definitive agreement to acquire the Fargo, N.D.-based medical equipment supplier and service company. Full terms of the deal were not disclosed, but Platinum will pay $30 million in cash, and Otter Tail will eat a $39.1 million net-of-tax impairment charge based on the terms of the agreement, according to filings with the U.S. Securities and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.