I also believe that this transaction represents a positive outcome for our shareholders.”. He uses a broad array of technologies to reduce red and brown skin lesions, wrinkles and unwanted hair, improve spider veins of the legs and improve the appearance of … Amit Meridor, Chief Executive Officer of Syneron Medical, said, "During the first quarter, our revenue declined due to lower product revenue in North America, primarily due to our sales force reorganization in North America, which has caused some short-term disruption in order to position the business for long-term growth. Syneron Candela, the Nasdaq-listed vendor of laser-based medical and aesthetic devices, is set to be sold to private equity giant Apax Partners, in a cash deal valued at close to $400 million.. ‘Go shop’ period private equity company just working everyone to meet revenue numbers. Steven Dyson, a partner at Apax and co-head of the fund’s healthcare division, said: “We have identified the medical aesthetics market as a highly attractive investment area given its long-term growth prospects.”. Medical device maker Candela Corp. plans to move its Wayland headquarters and research and development operations to Marlborough next year. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Figure Sales and Growth Rate Analysis of Syneron & Candela. It also offers non-optical technologies including ultrasound equipment for claimed fat-reduction treatments. The top 10 competitors average 906. Like Candela, Solta … “This acquisition is a strong recognition of Syneron Candela's leadership in the aesthetic medical device market, its leading world-class technology and unique global footprint,” Eckhouse said. The $46 billion fund has agreed a transaction price of $11 per share for Syneron Candela, whose products include multi-wavelength … See Candela's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. But he did report that the company had just gained CE Mark approval for its combined laser and radio frequency product for hair removal, with other regulatory clearances for “body shaping” applications said to be in the pipeline. U.S. Industry Overview & Market Statistics: CUNNINGHAM MACHANIC CETLIN JOHNSON HARNEY & TENNEY, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? ... Chief Operating Officer at Candela Medical San Francisco, CA. From the management team down there is a real effort to focus on providing quality products to meet customer's needs and make the company successful. Apax Partners offers 15% premium to Israeli company's shareholders but rival bids could be solicited. Looking for ways to ELEVATE your revenue and patient outcomes? Candela's annual revenues are $100-$500 million, 339112 Surgical & Medical Instrument Manufacturing, 5417 Scientific Research & Development Services. Candela Medical’s SIC: 38,384 What is Candela Medical’s NAICS code? The company's technologies … E. Victor Ross, MD, is a cosmetic dermatologist certified by the American Board of Dermatology. Candela Medical manufactures aesthetic devices for its clients. With a lot of new people joining the company there is a lot of positive energy throughout the organization. Candela Medical has 364 employees across 23 locations. It is classified as operating in the Legal Services industry. Syneron Medical Ltd. has 817 employees and is ranked 3rd among it's top 10 competitors. Eric Bernstein, M.D. Dyson reckons that Syneron Candela is well positioned to capture the opportunity, mentioning the firm’s “exceptional” R&D capabilities and cutting-edge technology. Its patent portfolio consists of roughly 25 issued … Syneron Candela, the Nasdaq-listed vendor of laser-based medical and aesthetic devices, is set to be sold to private equity giant Apax Partners, in a cash deal valued at close to $400 million. ... No culture everyone is new. PicoWay ® - Intentionally designed picosecond platform for acne scars, wrinkles, pigmentation and tattoo removal Profound ® - Temperature-controlled RF micro-needling to stimulate new elastin, collagen and hyaluronic acid in a single treatment CO 2 RE ® - CO2 laser solution for treatment of over 100+ … Figure Revenue and Market Share Analysis of Syneron & Candela. "This acquisition is a strong recognition of Syneron Candela's leadership in the aesthetic medical device market, its leading world-class technology and unique global footprint. 36 open jobs for Applications analyst iii in Dedham. Decisions were made then changed. The $46 billion fund has agreed a transaction price of $11 per share for Syneron Candela, whose products include multi-wavelength picosecond laser systems for removing tattoos and “pigmented lesions”, and alexandrite lasers for hair removal. Amit Meridor, Chief Executive Officer of Syneron Medical, said, "During the first quarter, our revenue declined due to lower product revenue in North America, primarily due to our sales force reorganization in North America, which has caused some short-term disruption in order to position the business for long-term growth. Find out what works well at Candela Medical from the people who know best. Search Applications analyst iii jobs in Dedham, MA with company ratings & salaries. The Apax deal represents a 15 per cent premium on the firm’s average closing stock price over the first quarter of 2017, and comes shortly after Israel-based Syneron Candela said it broke even on full-year revenues of $298.1 million in 2016. He specializes in laser surgery of the skin. While the offer remains subject to approval by Syneron Candela shareholders, the firm’s board of directors has already approved the transaction unanimously – with chairman and co-founder Shimon Eckhouse, who still owns 7.4% of the company, agreeing to vote in favor of the deal. Old culture and new not meshed … Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Despite that backing from Eckhouse, the Apax agreement includes a so-called “go-shop” period through May 9, during which Syneron Candela can actively solicit, evaluate and potentially enter into alternative proposals from third parties. Growth prospects See insights on Candela Medical including office locations, competitors, revenue, financials, executives … who will be responsible for developing and executing programs and campaigns focused on Candela device usage and treatment utilization within physician practices. Candela sells to cosmetic and surgical markets through a direct sales force and distributors in the US and abroad. As Director of Research at the practice, Dr. Wu supervises between 20-30 ongoing clinical trials at any given time, placing him at the forefront of discovery and innovation in cosmetic dermatology. Candela combines the strengths of both the Syneron and Candela organizations under a powerful, single brand and realigns us … This includes generating practice programs to increase the desire to offer treatment and patient preference for the Candela … Doing business as Syneron Candela, the company makes and markets laser-based medical devices designed to rejuvenate human skin, reduce wrinkles, remove hair, and treat vascular and pigmented lesions as well as acne and cellulite. Syneron Medical has directions to the fountain of youth. Pros. Candela is a leading global non-surgical aesthetic device company with a comprehensive product portfolio and a global distribution footprint. The top 10 competitors average 214.7M. ... holds an academic teaching position at the University of Calgary where he instructs the dermatology curriculum to the medical … He is the Chairman of the Candela Laser Corporation Medical … is the Director of Laser Surgery and Cosmetic Dermatology Centers and one of the world’s leading experts on laser medicine and surgery. daily coverage of the optics & photonics industry and the markets that it serves, multi-wavelength picosecond laser systems for removing tattoos, Semiconductor unit keeps Zeiss sales on even keel, Innoviz lines up $350M cash boost in Nasdaq listing, Syneron picosecond source tackles blue and green tattoo inks, Syneron to pay Palomar $31M in patent settlement. Saturday, November 23, 2019 Priddis, AB. Reviews from Candela Medical employees about Candela Medical culture, salaries, benefits, work-life balance, management, job security, and more. 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