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. Candela combines the strengths of both the Syneron and Candela organizations under a powerful, single brand and realigns us ⦠The Apax deal represents a 15 per cent premium on the firmâs 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. It also offers non-optical technologies including ultrasound equipment for claimed fat-reduction treatments. Stacey Pollock | Irvine, California | Director of Consumer Marketing and Education at Candela Medical | 500+ connections | See Stacey's ⦠Irvine, CA and London, April 3, 2017 â Syneron Medical Ltd. (NASDAQ: ELOS), a leading global non-surgical aesthetic device company, and Apax Partners, a leading global private equity advisory firm, today announced a definitive agreement under which an affiliate of funds advised by Apax Partners will acquire all of the outstanding shares of Syneron Candela ⦠In Syneron Candelaâs most recent investor conference call, which took place in February, CEO Amit Meridor had refused to comment on press speculation about a potential sale of the business. Annual merit increases and bonus have been consistent the last two years Medical/Dental benefits are great. 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.. Discover the dermatological applications of Candela's leading technology, by our industries leaders! 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 ⦠Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Figure Sales and Growth Rate Analysis of Syneron & Candela. 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. Search Applications analyst iii jobs in Dedham, MA with company ratings & salaries. Uncover why Candela Medical is the best company for you. Apax Partners offers 15% premium to Israeli company's shareholders but rival bids could be solicited. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. This includes generating practice programs to increase the desire to offer treatment and patient preference for the Candela ⦠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 âbody shapingâ applications said to be in the pipeline. Looking for ways to ELEVATE your revenue and patient outcomes? 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. I also believe that this transaction represents a positive outcome for our shareholders.â. Solta Medical is a Private company that was founded in 1995 in Pleasanton, California. Revenue: Less than $1 million (USD) ... Glassdoor gives you an inside look at what it's like to work at Candela Medical, including salaries, reviews, office ⦠Like Candela, Solta ⦠private equity company just working everyone to meet revenue numbers. Compare pay for popular roles and read about the teamâs work-life balance. 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. "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. While the offer remains subject to approval by Syneron Candela shareholders, the firmâs board of directors has already approved the transaction unanimously â with chairman and co-founder Shimon Eckhouse, who still owns 7.4% of the company, agreeing to vote in favor of the deal. Candela sells to cosmetic and surgical markets through a direct sales force and distributors in the US and abroad. The top 10 competitors average 214.7M. 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. The company's technologies ⦠Find out what works well at Candela Medical from the people who know best. Candela seeks a Marketing Manager, Recurring Revenue. âGo shopâ period 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. Syneron Medical Ltd. has 817 employees and is ranked 3rd among it's top 10 competitors. (Annual sales and employees). âThis 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,â Eckhouse said. Candela Medical has 364 employees across 23 locations. It is classified as operating in the Legal Services industry. Its product portfolio includes resurfacing systems, aesthetic workstations, picosecond and dye lasers ⦠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. 36 open jobs for Applications analyst iii in Dedham. Medical device maker Candela Corp. plans to move its Wayland headquarters and research and development operations to Marlborough next year. 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 âpigmented lesionsâ, and alexandrite lasers for hair removal. He is the Chairman of the Candela Laser Corporation Medical ⦠Dr. Bernstein has over 20 issued and pending patents for laser technology, both within the U.S. and worldwide. 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