FDAnews Device Daily Bulletin

AMERICAN MEDICAL SYSTEMS TO BUY LASERSCOPE FOR $715M

June 8, 2006
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American Medical Systems Holdings Inc. June 5 said it has agreed to buy Laserscope for about $715 million in what it calls a "strategic investment for AMS." AMS, a Minnetonka-based maker of pelvic health products marketed to urologists, will acquire all outstanding shares of Laserscope for $31 per share in cash by June 14. San Jose, Calif.-based Laserscope makes tools for the surgical treatment of obstructive benign prostatic hyperplasia, an enlargement of the prostate that can result in urination problems.
Minneapolis/St. Paul Business Journal