Cynosure Acquires Assets of RF Medical Device Manufacturer ... | 合法醫療器材資訊網

2014年9月10日—BasedinHicksville,NY,Ellmandevelops,manufacturesandmarketsadvancedradiofrequency(RF)technologyforprecisionsurgicalandaesthetic ...

Cynosure, Inc., which specializes in laser- and light-based aesthetic treatments for non-invasive and minimally invasive applications, has acquired the assets of Ellman International, Inc. for approximately $13.2 million in cash. In addition, Cynosure assumed certain contractual and current liabilities associated with normal working capital. Based in Hicksville, NY, Ellman develops, manufactures and markets advanced radiofrequency (RF) technology for precision surgical and aesthetic procedures and offers a line of aesthetic lasers. Ellmans current annualized revenue run-rate is approximately $25 million. The transaction is expected to be accretive to Cynosures earnings per share by the first quarter of 2015. 

"This transaction complements our brand portfolio, expands our market opportunities and enhances our recurring revenue stream," said Cynosure Chairman and Chief Execut...