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Riverside Partners’ Portfolio Company NDS Surgical Imaging Acquires Dome Imaging, the Medical Display Division of Planar Systems, Inc.

2008-08-07 08:45:00

Riverside Partners’ Portfolio Company NDS Surgical Imaging Acquires Dome Imaging, the Medical Display Division of Planar Systems, Inc.

    BOSTON and SAN JOSE, Calif., Aug. 7 /EMWNews/ -- Riverside Partners,

based in Boston, MA, is pleased to announce the acquisition and integration

of Dome Imaging ("Dome"), the Medical Display Division of Planar Systems

(Nasdaq: PLNR), into its existing portfolio company, NDS Surgical Imaging

("NDSsi").



    NDSsi, based in San Jose, CA, is a market leading designer and

manufacturer of medical visualization and informatics solutions for today's

operative and interventional suites. The Company collaborates with the

world's leading medical technology manufacturers, hospital centers, and

clinicians to deliver high quality, forward-thinking medical imaging

technologies.



    Dome, with operations in the US, Europe and Asia, has a broad product

line consisting of displays used for radiology and cardiology applications

as well as orthopedic imaging and patient monitoring. The Company was a

pioneer in diagnostic displays and currently enjoys a strong market

position and brand identity with radiologists worldwide.



    "We are extremely excited about the strategic fit between NDSsi and

Planar's Medical Business Unit, Dome Imaging. We have been aware of Dome's

stellar reputation for high quality medical displays and related

technologies for a number of years. The management teams of both companies

are highly compatible and the combined companies are poised for significant

continued growth," said David Belluck, a General Partner at Riverside

Partners and Chairman of the Board at NDSsi.



    "Riverside has been instrumental in the acquisition of Dome Imaging and

helped create the market leader in the United States medical visualization

market. The combined engineering and product development capabilities will

allow us to expand the range of surgical and diagnostic solutions provided

to our customers," said John Murphy, President and CEO of NDSsi.



    About Riverside Partners



    Founded in 1989, Riverside Partners is a middle market private equity

firm currently investing Riverside Fund III, L.P. The fund focuses on

growth-oriented companies in the healthcare and technology industries.

Riverside is particularly experienced at partnering with founders, owners

and management teams and it brings substantial domain expertise and

operating experience to its portfolio companies. The partners at Riverside

have managed more than $500 million in investments in over 50 companies. We

are currently focused on companies with revenues between $20 - $200 million

and with $5 - $25 million of EBITDA.



    About NDS Surgical Imaging



    NDS Surgical Imaging (NDSsi) is a leading designer and manufacturer of

medical visualization equipment for applications including surgical,

radiology, and patient monitoring. Based in San Jose, CA, NDSsi is the

market share leader in displays for minimally invasive surgical equipment.



    About Planar Systems



    Planar Systems, Inc. (Nasdaq: PLNR) is a global leader of specialty

display technology providing hardware and software solutions for the

world's most demanding environments. Hospitals, space and military

programs, utility and transportation hubs, shopping centers, banks,

government agencies, businesses, and home theater enthusiasts all depend on

Planar to provide superior performance when image experience is of the

highest importance. Founded in 1983, Planar is headquartered in Oregon,

USA, with offices, manufacturing partners, and customers worldwide.





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Blake Masterson

Freelance Writer, Journalist and Father of 5

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