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Syneron Medical

Cosmetic surgery devices company

Summary

Cosmetic surgery devices company

FieldValue
nameSyneron Medical Ltd.
logoSyneron logo.png
typePrivate
foundation
defunct
industryHealthcare
servicesMedical appliances and equipment
homepage

Syneron Medical Ltd., also known as Syneron Candela, is a company that develops and markets devices for cosmetic surgery procedures like hair removal and wrinkle treatments.

Syneron Medical was founded in 2000 by Shimon Eckhouse, after he departed from Lumenis, which he had founded in 1991, and which also sold medical devices for cosmetic treatments. Lumenis sued Eckhouse and Syneron in 2002 for theft of trade secrets. The litigation was resolved in 2004, with Syneron paying Lumenis $1.5M and royalties.

During the 2008 financial crisis, the company was not able to sustain its growth; it acquired Candela, which sold similar products to dermatologists and plastic surgeons.

In 2017 Syneron was acquired by Apax Partners, which took the company private.

References

References

  1. (12 September 2002). "Lumenis sues founder Shimon Eckhouse for $30m". [[Globes (newspaper).
  2. (January 21, 2004). "Lumenis Reaches Settlement With Syneron Medical Over Patent Dispute". Haaretz.
  3. Tsipori, Tali. (12 October 2010). "מנכ"ל סינרון: 'Candela חיזרה אחרינו ולא אנחנו אחריה'". [[Globes (newspaper).
  4. (February 13, 2017). "Apax Partners in talks to buy Israel's Syneron Medical -report". Reuters.
  5. (July 17, 2017). "Syneron completes $400m sale to Apax, move to private". Apax/Syneron Via MassDevice.
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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