In Brief: Sunrise Technologies
This article was originally published in The Gray Sheet
Executive Summary
Sunrise Technologies: Medical laser manufacturer agrees to sell its dental division to privately held dental handpiece manufacturer Lares Research for $4 mil. in cash and $1.5 mil. in notes payable over four years. Sunrise's dental division offers the MicroPrep air abrasion systems for use in cavity preparation and a line of SunLase dental lasers. Completion of the deal, which is subject to approval by shareholders of both companies, would leave Sunrise with a line of ophthalmic laser systems, including the gLase 210 system for the treatment of glaucoma, and a corneal shaping holmium laser-based system that is under development...