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Home » News » Alliance of Asclepion-Meditec and ICON laser eye centers

Alliance of Asclepion-Meditec and ICON laser eye centers

Posted by: Perry Nkuku  |  Category: News  |  Views: 2

Jena (CNN) – the medical equipment manufacturers Asclepion-Meditec AG (Jena) and the American ICON laser eye centers, Inc. have signed an agreement on a strategic alliance. Therefore, selling Asclepion 70 G-scan laser as well as the associated diagnostic units MEL to ICON 30, announced on Wednesday. The agreement provides for that ICON issues secured convertible bonds amounting to a total of $10.5 million to Asclepion in connection with the granting of a loan amounting to US$ 3 million and the acquisition of laser devices. You have a term of seven years. In addition, ICON, to an exclusive supply agreement with Asclepion, will commit its European subsidiaries for at least two years. ICON acquires more than 75 percent of his laser for Canada and 50 percent for Mexico of Asclepion. Asclepion receives pre-emption rights in the context of further emissions from ICON shares. The publicly traded since March 2000 Asclepion-Meditec AG among the forefront of the development of medical treatments using laser technology. She could increase their sales compared to the same period of the previous year by 29 percent in the first quarter of fiscal 2000 / 2001 (September 30) to EUR 11.7 million (22.9 million DM). Gross profit rose by 34 percent to just under EUR 6 million. By more than 230 employees working over 20 percent in the field of innovation. The ICON laser eye centers, leading provider of services in laser surgery on the eye is Inc. in North America and Europe. (ee)

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