ADAC acquires JD Technical Services, Inc.MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 13, 1995--ADAC Laboratories (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADAC ADAC Allgemeiner Deutscher Automobil Club (German automobile club) ADAC Aboriginal Drug and Alcohol Council ADAC Art Directors and Artists Club (Sacramento, California) ADAC Alcohol and Drug Abuse Council ) announced today its acquisition of JD Technical Services, Inc., Washington, Mo., at an approximate cost of $1.7 million in a pooling of interest Noun 1. pooling of interest - an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free transaction. JD Technical Services, Inc. is a recognized leader in nuclear medicine imaging nuclear medicine imaging, n the diagnostic imaging field that evaluates organ function by injecting isotopes into a structure and documenting the amount of radiation emanating from the tissues. systems remanufacturing, as well as a nationwide provider of multivendor service and support. In 1994, JD Technical Services, Inc. achieved revenues of approximately $3 million. David L. Lowe, Chief Executive Officer, stated, "The acquisition of JD Technical Services, Inc. allows ADAC to enter the refurbished nuclear medicine instrumentation market. The remanufacturing capability obtained from the acquisition will allow customers to extend the useful life of their existing gamma cameras. Additionally, it provides potential new ADAC customers a lower cost alternative to meet their nuclear medicine imaging systems needs. The current U.S. marketplace for refurbished nuclear medicine systems is estimated at approximately $40 million annually." ADAC Laboratories is the world market share leader in nuclear medicine and a leading supplier of radiology and laboratory information systems in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For the second consecutive year, ADAC received a site visit for the prestigious Malcolm Baldrige National Quality Award The Malcolm Baldrige National Quality Award is given by the United States National Institute of Standards and Technology. Through the actions of the National Productivity Advisory Committee chaired by Jack Grayson, it was established by the Malcolm Baldrige National Quality . The Company is headquartered in Milpitas, Calif. CONTACT: ADAC Laboratories Kathleen Call, 408/321-9100 Ext. 2665 |
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