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In Brief: Premier Laser Systems

This article was originally published in The Gray Sheet

Executive Summary

Premier Laser Systems: Acquires privately held EyeSys Technologies for $12 mil. in Premier stock "in addition to the granting of stock options," Premier states Oct. 1. Houston, Texas-based EyeSys makes corneal topography devices used in refractive laser surgery procedures. The purchase of EyeSys, which has annual sales of under $10 mil., "reflects Premier's strategy to seek near-term expansion into the ophthalmic marketplace," Premier says. Premier's Centauri Erbium:YAG laser is cleared for indications including anterior capsulatomies and incision and excision of the anterior capsule and is in studies for transemulsification, sclerostomy and corneal sculpting. Premier plans to relocate EyeSys manufacturing and operational facilities to Premier's Irvine, California headquarters. A previous EyeSys acquisition deal with Sunrise Technologies, announced in November 1996, was terminated earlier this year ("The Gray Sheet" Nov. 4, 1996, In Brief)...



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