• Ellman Technologies has acquired the assets of Sandstone Medical Technologies, LLC, a leader in the aesthetic laser and IPL technology field. The transaction significantly enhances Ellman’s presence in the aesthetic market with laser and intense pulsed light (IPL) technologies and merges Sandstone’s line of affordable laser systems with Ellman’s aesthetic and surgical RF product portfolio, the firm said. The financial terms of the deal were not disclosed.
“Sandstone is an ideal fit to further the growth of our franchise. We have complementary businesses that focus on delivering physicians high quality, value based products and we believe we are well positioned to capitalize on this $1.8 billion and growing global market opportunity,” commented Frank D’Amelio, CEO of Ellman International.
He continued, “We have experienced double digit growth over the past several years due to the success of both Pellevé and our RF surgical generators. We expect this acquisition to accelerate our growth and penetration of the aesthetic market.”