Syneron Candela (NSDQ:ELOS) said today it inked a settlement deal with InMode Aesthetic Solutions to end a patent dispute between the companies. Through the settlement deal, Wayland, Mass.-based Syneron Candela said that it offered InMode a sublicense to continue to market its bi-polar fractional radiofrequency product line. The companies did not release terms of the settlement […]
Syneron Medical Ltd.
Syneron Candela updates on patent infringement cases
Syneron Candela today updated on a number of patent infringement suits, including a large number in defense of its Profound radiofrequency-based microneedling product. The Wayland, Mass-based company said that in April, it filed complaints against 18 manufacturers and distributors of fractional RF micro-needle dermatological treatment systems in both the U.S. Int’l Trade Commission and Federal District […]
Syneron Candela acquires Denmark’s Ellipse
Syneron Candela said today it acquired Danish medical device firm Ellipse for an undisclosed amount. Ellipse produces Intense Pulsed Light and laser-based platforms intended for use as medical and aesthetic skin treatments, Wayland, Mass.-based Syneron Candela said. Key products from the Danish company include the Nordlys IPL multi-application, multi-tech IPL and the Nd:YAG platform designed for […]
Syneron Candela wins FDA nod for Vbeam Prima cosmetic laser
Syneron Candela said today it won FDA clearance for a next-gen version of its Vbeam, the Vbeam Prima cosmetic laser designed to treat skin conditions. The newly cleared device is intended for use in treating skin conditions including rosacea, port wine stains, acne, facial, leg and spider veins, scars, benign pigmented lesions and wrinkles, warts, […]
Syneron completes $400m sale to Apax, move to private
Syneron Candela said today that its approximately $400 million sale to private equity fund Apax Partners closed today, and that it is now functioning as a privately held company under Apax. Apax Partners paid $11 per share in cash for Syneron, with shares ceasing trading on the Nasdaq Stock Market this morning and the company delisting from the […]
Go-shop ends in Syneron sale to PE firm Apax Partners
Syneron (NSDQ:ELOS) said today that the 37-day “go-shop” period for its $397 million acquisition by private equity firm Apax Partners has ended without another rival emerging. Syneron said that during the “go-shop” period, it solicited 59 potential buyers, with 2 potential bidders negotiating and entering into a confidentiality agreement with Syneron. However, the company said it […]
Syneron-Candela levels poaching suit against InMode Aesthetic Solutions
Syneron-Candela (NSDQ:ELOS) last week filed a lawsuit accusing InMode Aesthetic Solutions of poaching its sales staff and encouraging employees to violate non-competition agreements. Syneron said it filed separate suits against 3 employees in March related to the poaching accusations, but that the 3 could not be joined to the case due to exclusive Massachusetts venue provisions. The suit, filed […]
UPDATE: Apax inks $397m deal to acquire Syneron Medical
UPDATE: Updated to include newly obtained information on the deal from Syneron Medical Syneron (NSDQ:ELOS) said today it inked an agreement to be acquired by private equity fund Apax Partners for approximately $397 million. Through the deal, Apax Partners will pay $11 per share for all outstanding shares of Israeli aesthetic device developer Syneron. Syneron, and its Candela […]
Report: Private equity shop Apax Partners in the hunt for Syneron
Private equity fund Apax Partners is reportedly looking to pick up aesthetic device maker Syneron Medical (NSDQ:ELOS) for between $350 and $400 million. Apax representatives met with Israel-based Syneron last week, according to the Israeli financial paper Calcalist, with Barclays managing the talks. None of the companies have offered an official comment on the report. […]
Israel’s Sino-Lite picks up dental laser maker Light Instruments
Israeli medical and dental group Sino-Lite said today it acquired formerly Syneron Medical Ltd.-owned (NSDQ:ELOS) dental laser maker Light Instruments for an undisclosed amount. Light Instruments develops and produces dental laser technology for hard and soft tissue treatments, including its flagship LiteTouch laser-in-handpiece non-fibre Er:YAG dental laser device, Sino-Lite said. “The acquisition of Light Instruments […]
Syneron Candela dumps Olympic swimmer Ryan Lochte
By Sarah Faulkner Syneron Candela (NSDQ:ELOS) this week severed its ties with Olympic swimmer Ryan Lochte, who was a spokesman for the aesthetic device company’s Gentle Hair Removal brand. “We hold our employees to high standards, and we expect the same of our business partners,” Yokneam, Israel-based Syneron Candela said. “We wish Ryan well on his future […]
