Kingsway Financial Services Inc. (NYSE:KFS) acquired Digital Diagnostics Imaging, Inc. for $11 million on October 27, 2023. Kingsway acquired Digital Diagnostics for $11 million in an all-cash transaction funded with $5.4 million in cash on hand and $5.6 million in debt financing. Peter Dausman, the Operator-in-Residence for this transaction, will transition into the CEO role for DDI, while the Founder, Thomas Corney, will remain as an advisor during a transition period. The transaction was structured as a purchase of all of the issued and outstanding shares of capital stock of DDI. Financing was provided by Signature Bank (Illinois). Holland & Knight LLP served as legal counsel to Kingsway, and Sichenzia Ross Ference Carmel LLP served as legal counsel to the sellers in connection with the transaction.

Kingsway Financial Services Inc. (NYSE:KFS) completed the acquisition of Digital Diagnostics Imaging, Inc. on October 27, 2023.