Alcon signs merger agreement to acquire Lensar

Alcon has signed a definitive merger statement to get Lensar to heighten its portfolio of cataract instrumentality and technology.

Valued astatine astir $356m, the acquisition volition heighten Alcon's femtosecond laser-assisted cataract country (FLACS) capabilities by including Lensar’s ALLY Robotic Cataract Laser Treatment System and Streamline bundle technology.

The statement stipulates that Alcon volition acquisition Lensar’s each outstanding shares for $14.00 each successful cash, with an further contingent worth close of up to $2.75 per share, based connected the accomplishment of a circumstantial procedural milestone.

The full imaginable information could scope $430m, representing a important premium implicit Lensar's caller volume-weighted mean prices (VWAP).

The transaction is expected to beryllium finalised by mid-to-late 2025, taxable to regulatory and Lensar stockholder approvals.

Lazard and Norton Rose Fulbright are advising Alcon portion Wells Fargo and Latham & Watkins are advising Lensar successful this transaction.

The FLACS exertion enables surgeons to leverage a computer-guided laser for managing “visually significant” astigmatism, behaviour corneal incisions, capsulotomy arsenic good arsenic fragment the lens, eliminating the request of leaf incisions.

Alcon CEO David Endicott said: “We are excited for the accidental to bring Lensar’s unsocial next-generation technologies and intelligence spot into our innovative, market-leading instrumentality portfolio.

“By leveraging our planetary footprint, we person the accidental to present the benefits of precocious femtosecond laser exertion to galore much surgeons astir the satellite and proceed to amended ratio successful cataract surgery.”

Lensar's ALLY Robotic Cataract Laser System integrates AI into imaging and software, aiming to revolutionise cataract country with its robotic technologies.

The strategy is tailored for usage successful some sterile operating rooms and in-office surgical suites, offering imaginable “operational efficiencies” and decreased overhead.

Lensar CEO Nick Curtis said: “Our absorption has been connected providing surgeons with breakthrough laser exertion successful cataract country for contiguous and tomorrow.”

"Alcon signs merger statement to get Lensar" was primitively created and published by Medical Device Network, a GlobalData owned brand.

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