A Medical Device Daily
HealthTronics (Austin, Texas), a provider of urology services and products, said it has agreed to acquire Advanced Medical Partners (AMP; Columbia, South Carolina). Financial terms were not disclosed.
Founded in 2003, AMP is a provider of urological cryosurgery services in the U.S. In partnership with a network of more than 500 physicians, AMP owns an interest in 30 entities that performed more than 7,000 procedures and generated more than $24 million of revenue in 2007.
Bob Yonke, an AMP founder and CEO, said, “The combination of AMPI and HealthTronics will allow our physician partners to benefit from HealthTronics’ scale and exclusive urological technologies. In addition to strengthening the services that AMP currently provides, we will have the ability to utilize the resources of HealthTronics to continue our growth and development of existing and new physician partnerships.”
The purchase is expected to close in mid-April.
Pentax Medical (Montvale, New Jersey), a maker of medical imaging technology, reported that through its parent company Pentax (Toyo), it is nearing completion of a long-anticipated merger with Hoya (Toyo).
The merger intent, reported in December 2006, was finally agreed to by both Hoya and Pentax on Oct. 29, 2007, and will become effective March 31.
Pentax, including the Pentax Medical division, will become a consolidated subsidiary of Hoya
“The medical field is essential to Hoya growth, said Hoya CEO Hiroshi Suzuki. “From this viewpoint, we found Pentax, who boasts superior technologies related to medical equipment.”
Pentax Medical develops video and fiber endoscopy equipment and computer technology/imaging products for diagnostic, therapeutic and research in the gastrointestinal, ear, nose and throat and pulmonary fields.