Analogic Corporation

Last updated
Analogic Corporation
Type Private
Industry Health Care (Medical Equipment & Devices)
Founded Wakefield, Massachusetts (1967)
Headquarters Peabody, Massachusetts [1]
ProductsMedical & Security Imaging Systems and Subsystems
Revenue$486 million (FY 2017)
Number of employees
1,500 (2008) [2]
Parent Altaris Capital Partners, LLC
Website analogic.com

Analogic is an American multinational corporation that provides health care and security technology products.

Contents

History

Analogic Corporation was founded by Bernard M. Gordon in 1967. [3]

The company opened a manufacturing facility in Shanghai, China, on December 2009. [4]

Analogic Corporation was acquired in 2018 by an affiliate of private equity firm Altaris Capital Partners. [5] [6]

Company

As of April 2018, the company employs 1,500 employees worldwide with approximately 800 working at the main facility and headquarters in Peabody, Massachusetts. [7]

Jim Green, who had been CEO for nine years, stepped down from his position in 2016. [8] He was succeeded by Fred B. Parks. [9] Tom Ripp is the current CEO. [10]

Analogic was included in Electronic Design's list for the Top 50 Employers in Electronic Design in 2012. It was also selected by the Boston Globe as one of the top 100 companies in Massachusetts in 2013. [11]

Acquisitions

Ultrasonix Medical Corporation

Ultrasonix Medical Corporation was a Vancouver, Canada-based sonography equipment company founded in 2000 which Analogic acquired in 2013 as a strategic expansion of its own ultrasound imaging product line and customer base, including an installed base of 5,000 systems globally. [1] [12] [13] At the time of its acquisition, Ultrasonix had at least two manufacturing plants, in Englewood, Colorado and Vancouver, British Columbia, both of which were closed following the acquisition. [14]

Copley Controls

In 2008, Analogic acquired Copley Controls, a Canton, Mass.-based supplier of gradient amplifiers for MRI Systems. [15]

Products

Analogic provides imaging systems and technology that enable computed tomography (CT), digital mammography, and magnetic resonance imaging (MRI). The company's CT, MRI, and digital mammography products are sold to original equipment manufacturers (OEMs).

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References

  1. 1 2 Kantor, Ira (January 8, 2013). "Analogic Corp. to acquire Ultrasonix Medical for $83M". Boston Herald . Braintree, Massachusetts. Retrieved December 25, 2018 via BostonHerald.com.
  2. "Company Profile for Analogic Corp (ALOG)". Archived from the original on March 1, 2012. Retrieved October 21, 2008.
  3. "About Us". Analogic Corporation. Retrieved 2020-11-13.CS1 maint: discouraged parameter (link)
  4. "Analogic's Newly Established China Facility Receives ISO Certification and Ships First Product (Press release)". analogic.com. July 26, 2010.
  5. "Private-Equity Firm Altaris to Acquire Analogic for $1.1 Billion". Wall Street Journal . April 10, 2018. Retrieved 2020-11-17.CS1 maint: discouraged parameter (link)
  6. "Analogic Announces Completion of Acquisition by an Affiliate of Altaris Capital Partners". analogic.com. June 22, 2018. Retrieved 2020-11-17.CS1 maint: discouraged parameter (link)
  7. "Analogic goes private in sale worth $1.1B". Salem News . Apr 22, 2018. Retrieved 2020-11-17.CS1 maint: discouraged parameter (link)
  8. "Analogic CEO Jim Green to step down after 9 years". Boston Business Journal. Oct 24, 2016.
  9. "Analogic Names Fred B. Parks CEO". October 24, 2016. Retrieved 2020-11-17.CS1 maint: discouraged parameter (link)
  10. "Leadership Team". analogic.com. Retrieved 2020-11-17.CS1 maint: discouraged parameter (link)
  11. "Analogic Plans Accelerated Expansion Into Point-of-Care Market With Ultrasonix Acquisition". Imaging Technology News. January 31, 2013. Retrieved December 25, 2018.
  12. "Commercial Credit Report for Ultrasonix Medical Corp - Report Preview". CreditRiskMonitor. December 13, 2018. Retrieved December 25, 2018.
  13. Perriello, Brad (May 14, 2013). "Analogic announces 140 layoffs as it integrates Ultrasonix Medical". MassDevice. Brookline, Massachusetts: WTWH Media, LLC. Retrieved December 25, 2018.
  14. "Analogic Corporation Signs Agreement to Acquire Copley Controls Corporation, a Leading Supplier of Gradient Amplifiers for MRI Systems". biospace.com. March 6, 2008. Retrieved 2020-11-13.CS1 maint: discouraged parameter (link)