Star Equity Holdings, Inc. Announces Sale of Digirad Health, Inc. for $40 Million

OLD GREENWICH, Conn., May 05, 2023 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq:STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today it has completed the sale of Digirad Health, Inc. (“Digirad”) to TTG Imaging Solutions, LLC (“TTG”), a national leader in imaging solutions, for $40 million, effective May 4, 2023. The $40 million consideration is composed of $27 million in cash, a $7 million promissory note, and $6 million of rollover common equity interest in TTG. Rick Coleman, Star Equity’s CEO, will serve on the board of directors of TTG.

Read more at globenewswire.com