Solta Medical acquires acne laser maker CLRS
Skin care device company Solta Medical Inc. said Monday it bought CLRS Technology, a California company that makes a device that treats acne using heat and light.
Solta said it agreed to pay off about $1.1 million in CLRS debt and may make additional payments based on CLRS' sales and operating income through the end of 2011.
Privately held CLRS makes the Claro system, an over-the-counter device that uses light pulses to treat acne. CLRS is based in Costa Mesa, Calif.
Solta Medical reported $56 million in revenue in the first six months of 2010, and expects about $115 million in revenue for the year.