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Merger Creates Huge Medical Laser Firm

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Lawrence Normie

YOKNEAM and TEL AVIV, Israel -- ESC Medical Systems Ltd. and Laser Industries Ltd. have announced a merger plan that would create an international heavyweight in the medical laser industry, with $185 million in projected 1997 revenues. Both partners are major players in developing cosmetic and medical laser technology. ESC's pulsed light sources, lasers and other products are used in noninvasive cosmetic medical procedures and other applications in physicians' offices. Laser Industries uses laser-based technologies for skin resurfacing, hair removal, laser surgery and other applications in...Read full article

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    Published: January 1998
    Businessindustriallight speed

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