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Advanced Medical Optics to Buy IntraLase for $808M

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SANTA ANA, Calif., Jan. 8, 2007 -- Advanced Medical Optics Inc. (AMO), a maker of medical devices and laser vision-correction systems, announced today it is acquiring IntraLase, an Irvine-based developer of femtosecond laser technology, for approximately $808 million in cash. AMO said the acquisition will enable it to combine the companies' expertise in excimer lasers, femtosecond lasers, diagnostics and optics, including AMO's CustomVue laser vision correction procedure, to provide corneal and lens-based products and services including custom all-laser lasik, often referred to as "bladeless lasik." AMO said the purchase...Read full article

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