The Chicago-based imaging systems manufacturer will pay the purchase price in cash, acquiring the company from private equity firm Trilantic North America. 

Proceeds from the proposed debt raise—together with about $180M in cash on the balance sheet and rollover equity—will be used to fund the purchase of Everlight Radiology. 

Nanox Imaging received notice from the stock exchange after the closing price of its shares fell below $1 for 30 consecutive business days.