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PhotoMedex and DS Healthcare Announce Deal

Consumer and professional products, including Radiancy and Neova, going to Florida-based pharma/personal care company.

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By: Christine Esposito

Editor-in-Chief

PhotoMedex, Inc. has entered into a definitive agreement to sell its consumer products and professional products businesses to DS Healthcare Group, a Pompano, FL-based developer of topical pharmaceutical and personal care products, for total consideration of approximately $48 million in a combination of convertible preferred stock, common stock and a note.   This proposed transaction, which is structured in two reverse triangular mergers, is subject to customary closing conditions, including P...

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