New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2013
16:33 EDTSLTMSolta Medical sees Sound Surgical acquisition accretive within 12 months
Solta Medical (SLTM) announced the completion of its acquisition of privately-held Sound Surgical Technologies. The transaction is expected to be accretive within 12 months. "With this acquisition, we have added another strong, complementary product to our broad portfolio of leading aesthetic brands and we have expanded our market opportunity," said Stephen J. Fanning, Chairman, President and CEO of Solta Medical. "Sound Surgical's VASER product lines and other technologies utilizing low frequency ultrasound are innovative additions to our Liposonix and Thermage treatments, creating significant cross-selling opportunities with Sound Surgical's plastic surgeon base and our core customer base of plastic surgeons and dermatologists. Sound Surgical generated strong revenue and EBITDA in 2012 and we anticipate the acquisition will contribute to our bottom-line within 12 months."
News For SLTM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for SLTM

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use