Solta Medical Inc. will buy all of the outstanding shares of Medicis Technologies Corp. for $15 million at closing and up to $20 million after hitting regulatory and sales milestones with Medicis’ products, including one using ultrasound technology to reduce fat.
It is the latest pickup by Hayward-based Solta (NASDAQ: SLTM), which has built a portfolio of aesthetics products through acquisition. Last year, it bought CLRS Technology, which uses heat and light to treat acne, and Aesthera Corp., which makes skin treatments that use light and air pressure.
Now it could have Medicis Technologies’ fat-burning LipoSonix technologies by the end of the year.
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