Bovie Medical closes $97m sale of core electro | 合法醫療器材資訊網

2018年8月30日—BovieMedicalcloses$97msaleofcoreelectro-cauterybiztoSymmetrySurgical...BovieMedical(NYSE:BVX)saidtodayitclosedthe$97million ...

Bovie Medical[1] (NYSE:BVX[2]) said today it closed the $97 million sale of its core electro-cautery business, including the Bovie brand, to Symmetry Surgical[3].

The all-cash sale comes as Clearwater, Fla.-based Bovie looks to pivot toward the cosmetic surgery market[4], and includes transition services, patent licensing, disposables supply and generator manufacturing agreements. The deal also includes terms which will position Bovie as an OEM supplier to Symmetry for at least 10 years.

The sale, originally announced last month[5], leaves the advanced energy business and a pair of sites in Clearwater and Sofia, Bulgaria under the company’s belt as it looks to commercialize its J-Plasma and Renuvion offerings.

Bovie said that shareholders voted to approve the divestiture at an annual meeting today.

“The closing of the dive...