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