ESC Medical to become world's largest cosmetic laser firm via $270 mil. Laser Industries merger.
This article was originally published in The Gray Sheet
Executive Summary
ESC MEDICAL'S $270 MIL. MERGER WITH LASER INDUSTRIES will create the world's largest cosmetic laser company, ESC says. The combined companies are expected to generate $185 mil. in revenue in 1997, with most of the volume coming from the fast-growing cosmetic surgery segment. A definitive agreement for the stock-swap merger was announced Nov. 10.