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Date Announced: 03 Feb 2012
Deal done for $5.1 million.
BRISBANE, Calif., Feb. 3, 2012 (GLOBE NEWSWIRE) -- Cutera, Inc. (Nasdaq:CUTR - News), a leading provider of laser and other light-based aesthetic systems for practitioners worldwide, today announced that it has closed the previously announced asset purchase of IRIDEX' global aesthetic business for $5.1 million in cash.
"We are pleased to announce the closing of this acquisition, as it advances Cutera's presence among core physicians worldwide, and positions us as a leader in the vascular aesthetic market," said Kevin Connors, president and chief executive officer of Cutera. "Now, with an expanded customer base, Cutera will be able to leverage cross-selling opportunities to our expanded installed base. We remain committed to providing the highest quality of customer service worldwide."
Cutera's newest product offering is the portable VariLite(TM) dual wavelength (532 nm and 940 nm) system, a solid-state laser that offers the clinical versatility to treat vascular lesions, pigmentation and cutaneous lesions, in a convenient and compact package. The addition of the VariLite system to Cutera's existing premium vascular lineup, including the state-of-the-art Excel V(TM) laser and Xeo(TM) vascular applications, enables Cutera to reach a wider range of physicians at multiple price points.
Source: Cutera
E-mail: john.mills@icrinc.com
Web Site: www.cutera.com
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