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Premier Laser to Sell its Piece of Ophthalmic Imaging

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IRVINE, Calif., July 19 -- Premier Laser Systems Inc. will sell all of its stock in Ophthalmic Imaging Systems Inc. (OIS), a provider of Ophthalmic digital imaging systems, to MediVision Medical Imaging Ltd. MediVision Medical Imaging, an Israel-based company, will acquire all of Premier Laser System's intercompany receivable from OIS, and its inventory of OIS products for $3.2 million in cash and registered MediVision stock. MediVision will end up owning 73 percent of OIS common stock by the end of the transaction. It will convert the intercompany receivable into OIS stock at a...Read full article

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    Published: July 2000
    News & FeaturesLasers

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