Monday, July 15, 2013

Optimedica Acquired By Abbott For $400M

Santa Clara-based Optimedica, a developer of laser-based, opthalmic surgery devices, has been acquired by Abbot Medical Optics in a deal worth $250M in cash, plus up to $150M in earn out milestones. Optimedica is venture backed by Alloy Ventures and Kleiner Perkins Caufield and Byers. According to Abbott, Optimedia's acquisition will allow it to expand its vision care business into the femtosecond laser-assisted cataract surgery market.