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Slide #92. Syneron Medical Ltd. — New Star Lasers, Inc.
Syneron Medical Ltd. (ELOS)
New Star Lasers, Inc.
Syneron Medical Ltd., the leading global aesthetic device company, announced that it has entered into an agreement to acquire New Star Lasers, Inc., which conducts business as CoolTouch, Inc., for approximately $11 million in cash and earn out based on certain milestones of up to $4 million until end of 2015. New Star Lasers develops, manufactures and markets the CoolTouch family of aesthetic devices. CoolTouch's 2013 unaudited revenues were approximately $8.9 million. Syneron anticipates the acquisition, which is expected to close in March 2014, will be accretive to the Company's GAAP earnings per share starting in 2015.
Syneron Medical designs, develops and markets innovative aesthetic medical products based on Co.'s proprietary ELOS technology, which uses the synergy between electrical energy and optical energy to provide aesthetic medical treatments. Co.'s products target non-invasive aesthetic medical procedures, including hair removal, wrinkle reduction, rejuvenation of the skin's appearance through the treatment of superficial benign vascular and pigmented lesions, acne treatment, treatment of leg veins, treatment for the temporary reduction in the appearance of cellulite and thigh circumference, ablation and resurfacing of the skin, laser-assisted lipolysis and topical skin brightening products.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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