Gilat Unloads Health Unit For $24 Million in Cash

摘要

Gilat Satellite Networks Ltd. of Israel said Aug. 17 that it will receive $24 million in cash for its stake in Axolotl, a health information technology firm being acquired by Ingenix of Eden Prairie, Minn.rnGilat invested $4.5 million in Axolotl more than 10 years ago and wrote off the investment during the global economic downturn of 2000 and 2001.rnUnder the terms of the sale, Gilat said it will receive $24 million immediately and could receive an additional $3 million in a year.