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LaserSight sells subsidiaries for $13 million:

This article was originally published in Clinica

Executive Summary

LaserSight has sold two of its health service subsidiaries, MEC Health Care and LSI Acquisition, to the eye care practice management company Vision Twenty-One for $13 million. Half the price will be paid in cash at closing and half in common stock, said LaserSight. The US company is working on the LSX platform for refractive surgery and said it would use $3.5 million of the net proceeds to repay loans.

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