New Image Industries to Buy McGhan InstruMed
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New Image Industries in Canoga Park said it agreed to buy the assets of McGhan InstruMed Corp. from Inamed Corp., a Carpinteria-based concern.
New Image, which went public in August, makes computerized imaging systems that provide before and after pictures to illustrate proposed hair styles, landscapes, buildings and other items. McGhan makes computer imaging and electronic photography products for the medical and dental industries.
New Image estimated the proposed purchase price at $200,000. The company also agreed to pay McGhan unspecified royalties based on future sales of McGhan products and to reimburse McGhan up to $125,000 for certain product development costs.
Also, New Image named former McGhan president R. Michael Null as chief operating officer of New Image’s medical and dental division.
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