Analogic Corporation
 | |
| Company type | Private |
|---|---|
| Nasdaq: ALOG | |
| Industry | Health Care (Medical Equipment & Devices) |
| Founded | 1967, in Wakefield, Massachusetts |
| Headquarters | Peabody, Massachusetts |
| Products | Medical & Security Imaging Systems and Subsystems |
| Revenue | $486 million (FY 2017) |
| Owner | Altaris Capital Partners, LLC |
Number of employees | 1,500 (2008) |
| Website | analogic |
Analogic Corporation is a U.S.-based multinational corporation that focuses on healthcare technology and aviation security solutions. Its product portfolio includes equipment such as CT scan, digital mammography, and MRI systems designed for medical institutions, as well as advanced baggage screening and checkpoint technologies utilized in airports.[1][2]
History
The origins of the company trace back to 1963 when Bernard M. Gordon founded Gordon Engineering, which was later renamed Analogic Corporation in 1967.[3] Throughout Gordon’s tenure, the firm introduced groundbreaking innovations including the earliest digital waveform analyzers, "instant imaging" CT devices, portable CT scanners, and sophisticated multi-slice CT systems for explosive detection.[4]
To broaden its international footprint, Analogic launched a manufacturing plant in Shanghai, China, in December 2009.[5]
In a significant transition during 2018, Altaris Capital Partners acquired Analogic for $1.1 billion, shifting the company to private ownership while strengthening its commitment to innovation within medical and security imaging markets.[6][7]
Company
As of April 2018, Analogic employs approximately 1,500 individuals globally, with nearly 800 stationed at its primary headquarters and manufacturing site in Peabody, Massachusetts. Jim Green, who served as CEO for nine years, resigned in 2016 and was followed by Fred B. Parks; the current CEO is Tom Ripp. The company earned recognition as one of Electronic Design's Top 50 Employers in Electronic Design in 2012 and was listed among the top 100 Massachusetts companies by the Boston Globe in 2013.
Acquisitions
Ultrasonix Medical Corporation
In 2013, Analogic expanded its ultrasound imaging portfolio and international customer reach by acquiring Ultrasonix Medical Corporation, a sonography equipment manufacturer based in Vancouver, for $83 million. Following the acquisition, Ultrasonix’s manufacturing facilities located in Englewood, Colorado, and Vancouver, British Columbia were shut down as part of the integration process.
Copley Controls
Analogic enhanced its medical imaging technology offerings in 2008 by purchasing Copley Controls, a Canton, Massachusetts company specializing in gradient amplifiers for MRI systems.
Products
Analogic designs and produces sophisticated imaging technologies and systems for computed tomography (CT), digital mammography, and magnetic resonance imaging (MRI). Its product line is mainly marketed to original equipment manufacturers (OEMs), enabling their incorporation into medical imaging devices.
- ↑ "TSA awards $781.2 million to procure additional CT X-Ray scanners for airport checkpoints". Retrieved 2024-05-10.
- ↑ "Advances in airport security screening". 2023-12-31. Retrieved 2024-05-10.
- ↑ "About Us". Analogic Corporation.
- ↑ "Bernie Gordon | Gordon Center for Systems Engineering".
- ↑ "Analogic's Newly Established China Facility Receives ISO Certification and Ships First Product". July 26, 2010.
- ↑ "Private-Equity Firm Altaris to Acquire Analogic for $1.1 Billion". April 10, 2018.
- ↑ "Analogic Announces Completion of Acquisition by an Affiliate of Altaris Capital Partners". June 22, 2018.