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Innovative Imaging Acquired by Australian Firm

Tuesday, December 05, 2006 6:30:00 AM PDT | VentureDeal Staff

SACRAMENTO, CA  --  Innovative Imaging, a company that makes ophthalmic industry ultrasound imaging systems, has been acquired by Ellex Medical Lasers Limited, a publicly-traded Australian firm.

According to Ellex, Innovative's systems are considered the very best in the industry and more than 1,300 systems are in use worldwide.

The Adelaide, Australia-based company made a $1 million initial payment and will make three subsequent annual payments based on performance of the business.

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