American Medical Buys Laserscope For GreenLight Obstructive BPH Treatment
This article was originally published in The Gray Sheet
Executive Summary
American Medical Systems will expand its benign prostatic hyperplasia treatment offerings to include operating room-based obstructive BPH therapy with Laserscope's GreenLight surgical laser system under a June 5 acquisition agreement
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Iridex will pay $28 mil. for American Medical Systems' laser aesthetics business under a definitive agreement announced Nov. 30. Upon close of the deal, expected by Jan. 31, 2007, Iridex also will acquire $7.3 mil.-$9.5 mil. in net assets, including accounts receivable. AMS, which completed its $715 mil. acquisition of Laserscope in July, previously indicated that the laser device firm's aesthetics unit was not "a strategic fit" (1"The Gray Sheet" June 12, 2006, p. 10). Laserscope's aesthetics unit garnered $36.9 mil. in 2005 sales, roughly 30% of Laserscope's total 2005 sales of $127.1 mil. Iridex says the purchase will be immediately accretive to earnings...
AMS sheds Laserscope aesthetics unit
Iridex will pay $28 mil. for American Medical Systems' laser aesthetics business under a definitive agreement announced Nov. 30. Upon close of the deal, expected by Jan. 31, 2007, Iridex also will acquire $7.3 mil.-$9.5 mil. in net assets, including accounts receivable. AMS, which completed its $715 mil. acquisition of Laserscope in July, previously indicated that the laser device firm's aesthetics unit was not "a strategic fit" (1"The Gray Sheet" June 12, 2006, p. 10). Laserscope's aesthetics unit garnered $36.9 mil. in 2005 sales, roughly 30% of Laserscope's total 2005 sales of $127.1 mil. Iridex says the purchase will be immediately accretive to earnings...
AMS gains Laserscope
American Medical Systems announces July 20 it has completed its $715 mil. acquisition of Laserscope, complementing its TherMatrx microwave system for nonobstructive benign prostatic hyperplasia with Laserscope's Greenlight surgical laser (1"The Gray Sheet" June 12, 2006, p. 10)...