Latest Breaking News On - Lumenis surgical business - Page 1 : comparemela.com

Baring PE Asia to sell Lumenis Surgical Business to Boston Scientfic for $1b Photo: REUTERS/Beawiharta March 4, 2021 Alternative investment major Baring Private Equity Asia (BPEA) announced that it has agreed to sell Lumenis Surgical Business to New York-listed medical technology firm Boston Scientific for $1.07 billion. The surgical business includes laser and fibres solutions for minimally-invasive surgical procedures in Urology and ENT. It also covers Lumenis’ robust product portfolio, global team, and the Israel surgical centre of excellence, according to the announcement. Baring PE Asia acquired Israel-based Lumenis in 2019 in a deal that valued the medtech company at over $1 billion. The deal marks an exit for XIO, a London-based buyout firm that bought Lumenis for about $$510 million in 2015.

United statesCity ofUnited kingdomMeghan scanlonTzipi ozer armonBoston scientificAsia private equity fundPelvic healthBaring private equity asiaLumenis surgical businessNew york listedIsrael based lumenisIntense pulsed lightAsia pacificNorth americaBaring asia private equity fund