- Heico Corporation (NYSE: HEI), a producer of aerospace components with a market value of over $350 million, determined to divest an off-strategy subsidiary, Meditek Health Corp.
- Meditek is a provider of diagnostic imaging services through a network of magnetic resonance imaging centers
- Heico retained TM Capital to pursue the sale of Meditek with a range of strategic and financial acquirors
- TM Capital completed the sale of Meditek for $23 million to U.S. Diagnostic Labs, Inc. (NASDAQ)
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