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News Breaks
March 12, 2013
16:34 EDTSURGSynergetics remains encouraged for FY13 by positive response for VersaVIT
Company said "Despite the slower sales growth, we remain encouraged by the early market positive response for VersaVIT, our innovative, portable vitrectomy machine and related procedural kits, which launched late last year. We expect improving performance over the balance of FY13 driven by improving order flow from our OEM partners and increasing contributions from our VersaVIT franchise."
News For SURG From The Last 14 Days
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February 10, 2016
08:07 EDTSURGStryker agrees to acquire neuro portfolio from Synergetics
Stryker (SYK) announced a definitive agreement to acquire all of the assets associated with Synergetics USA's (SURG) neuro portfolio in an all cash transaction. The portfolio includes the Malis generator, Spetzler Malis disposable forceps, and Stryker's existing Sonopet tips and RF generator. The Synergetics' portfolio achieved OEM sales in 2015 of approximately $31M. The closing of the transaction is subject to expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. Upon closing, the transaction is expected to be neutral to Stryker's 2016 adjusted earnings per share excluding acquisition, integration-related and intangible amortization charges and accretive thereafter. The transaction is expected to close in Q1.

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