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...
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