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TA Associates invest $90 Million in aesthetic devices provider Alma Lasers March 24, 2006

Posted by israelhealthcare in Medical Aesthetics Device.
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Private equity and buyout firm TA Associates has completed a $90 million investment in Alma Lasers, a provider of laser devices for aesthetic, medical and dental applications. Alma Lasers resulted from the merger of two laser companies, MSQ, founded by industry veteran laser physicist Ziv Karni, Ph.D., and Orion Lasers, a U.S. based laser distributor.

The aesthetic medical device market is large, growing and very profitable. The global aesthetic laser market is estimated at over $1 billion globally and is growing at over 20% annually. Israel is the home for the dominant players in this high growth market including, Syneron, Lumenis, Radiancy and Alma Lasers.

Alma Lasers is a developer, manufacturer and marketer of laser, light and radiofrequency-based systems for the aesthetic medical market. Alma Lasers’ products are used for non-invasive aesthetic procedures such as hair removal, skin rejuvenation and cellulite reduction on an outpatient basis. Alma Lasers is headquartered in Caesarea, Israel, with U.S. operations based in Fort Lauderdale, Florida.

Founded in 1968, TA Associates is one of the oldest and largest private equity firms in the world. Equipped with a $10 billion capital base, TA Associates invested in more than 360 companies and since 1995 have helped the firm’s portfolio companies to raise more than $15 billion.

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Stryker has acquired Israeli endoscopic solutions developer Sightline for $50 million March 20, 2006

Posted by israelhealthcare in Endoscopic Solutions.
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US medical technology company, Stryker has acquired Israeli endoscopic solutions developer Sightline Technologies, for $50 million in cash. Stryker has also agreed to make milestone payments of up to an additional $90 million upon the achievement of certain operational and financial targets related to Sightline’s products, the first of which is not expected to occur before 2007.

Sightline, a developer of flexible endoscopes for the gastrointestinal (GI), has developed a technology that should improve insertion and sterilization during colonoscopy procedures. Two Sightline products that are currently available in the market are: RectoSight and ProctoSight – for rectal procedures. In addition, Sightline has developed the ThimbleCam, a finger camera for surgical and laparoscopic procedures.

“Stryker is a leader in the rigid endoscopy market. This acquisition allows us to apply our core competencies in visualization technology and sales and marketing to the flexible endoscopy market. Additionally, Sightline will potentially open up new markets for our Communications and Video Accessories businesses,” stated Bill Enquist, President of Stryker Global Endoscopy.

Stryker engages in the development, manufacture, and marketing of orthopedic products and medical specialties worldwide. The Company’s products include implants used in joint replacement, trauma, craniomaxillofacial and spinal surgeries; biologics; surgical, neurologic, ear, nose & throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems. The company was founded in 1941 and is headquartered in Kalamazoo, Michigan.

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