Oxford Instruments sells US business for £11.5m
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Oxford Instruments said it had sold its OI Healthcare business in the US to MXR Imaging for a $15m (£11.5m).
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Oxford, which supplies industrial companies and scientific research communities, said the sale supports its ongoing strategy to focus on chosen markets with long-term growth drivers "where we can uphold or develop leading positions".
"This sale will allow us to continue enhancing our ability to deliver further growth and margin improvement while maintaining a customer-centric approach," the company said on Monday.
The OI Healthcare business sells, services and rents third-party magnetic resonance imaging and computer tomography machines, with offices in Florida, Michigan and California.