Syneron Medical Acquires New Star Lasers

February 20, 2014—Syneron Medical Ltd. (Yokneam, Israel) announced that it has entered into an agreement to acquire New Star Lasers, Inc., which conducts business as CoolTouch, Inc. (Roseville, CA). New Star Lasers develops, manufactures, and markets the CoolTouch family of aesthetic devices. Syneron anticipates the acquisition will close in March 2014. Syneron will pay approximately $11 million in cash as well as earn out based on certain milestones of up to $4 million until the end of 2015.

According to Syneron, the acquisition diversifies the company’s product portfolio, broadens its customer base, and provides entry into significant markets for varicose vein treatments and laser-assisted lipolysis. Syneron plans to leverage its global sales channels and customer base to drive adoption of CoolTouch products, which have primarily been sold in the United States.

Syneron advised that the CoolTouch family of products uses New Star Lasers’ 1320-nm wavelength laser along with other wavelengths and complementary technology to address a variety of medical and aesthetic indications. The product family includes several laser console systems and associated single-use disposable hand pieces and accessories.

CoolTouch also developed a 15-watt Holmium laser system for the treatment of kidney stones and soft tissue ablation by urologists. It is sold as a private-label product by American Medical Systems (Minnetonka, MN), a subsidiary of Endo Health Solutions (Malvern, PA).