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Profound Medical closed its $6 million acquisition of Royal Philips' Sonalleve MR-HIFU business, which features real-time MR imaging and high intensity focused ultrasound for tissue ablation.
Royal Philips agreed to widen its partnership with Profound Medical, transferring its Sonalleve MR-HIFU ultrasound business to Profound Medical and acquiring a 12% minority interest (7.4 million common shares). The transaction is expected to close in H2 2017.