Laser Industries/Surgilase
This article was originally published in The Gray Sheet
Executive Summary
Laser Industries completes its purchase of Warwick, Rhode Island-based surgical laser manufacturer Surgilase from San Diego, California-based Jmar Industries. According to Jmar, the terms of the deal specify that Laser Industries will pay $1.5 mil. at closing, $2.5 mil. over a 19-month period, and assume "substantially all of the liabilities of Surgilase." In total, the deal is worth more than $6.7 mil., Jmar says