AMS Acquires Laserscope
The boards of Directors of American Medical Systems Holdings (AMS) and Laserscope have unanimously approved a definite merger agreement providing for the acquisition of Laserscope by AMS.The total acquisition price for Laserscope shares and options is approximately $715 million. The transaction is expected to close during the third quarter of 2006 and will be subject to the satisfaction of usual closing conditions and clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Upon the closing of the transaction, Laserscope will become an indirect wholly owned subsidiary of AMS.
Laserscope’s GreenLight laser system is used to perform Photoselective Vaporization of the Prostate (PVP) for the treatment of benign prostatic hyperplasia (BPH). Laserscope’s aesthetics business is not considered a strategic fit for AMS so the company will consider alternatives for that business including selling it. Source: press release (pdf).
June 7, 2006 Related topics: Mergers & Acquisitions, Surgery, Renal & Urology, Plastic Surgery