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Advanced Medical Optics Acquires WaveFront Sciences

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SANTA ANA, Calif., Jan. 16, 2007 -- Advanced Medical Optics Inc. (AMO), a maker of medical devices and laser vision-correction systems, today announced the acquisition of privately held WaveFront Sciences Inc., a provider of wavefront diagnostic systems for refractive surgery and medical research, for $20 million in cash. AMO said it will pay $14 million at closing and another $6 million if WaveFront meets certain performance milestones over the next three years. Based in Albuquerque, N.M., WaveFront provides highly sensitive optical measurement systems for space telescopes and makes a high resolution Shack-Hartmann-based...Read full article

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