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Posts Tagged ‘solta medical’

Thermage Inc. – Repackaged, Rebranded as Solta Medical

Thursday, January 22nd, 2009

Thermage Inc. has undergone significant changes after acquiring the fractional laser manufacturer Reliant Technologies.

“Solta Medical” has become the new corporate name and a new logo has been created for the Thermage product.

The acquisition of Reliant Tech was initiated last year and recently finalized.  Reliant Tech was known for making the succesful brand of Fraxel laser skin resurfacing systems, which are now also under the umbrella of Solta Medical.

Thermage and Fraxel also feature new, more user-friendly websites that show an obvious departure from their previous, more clinical designs.

A new stock ticker symbol will be recognized as “SLTM” on the Nasdaq.

In a recent press release, Solta President Stephen J. Fanning commented, “the name and ticker symbol changes are a great start to the New Year and a key milestone in the integration of the acquisition of Reliant Technologies Inc.”

Thermage – Reliant Technologies Acquisition Finalized

Monday, January 19th, 2009

The acquisition of Mountain View, California based Reliant Technologies by Thermage Inc. was recently completed.  The deal was reportedly valued at approximately $66.2 million in stock and cash. Reliant has become a fixture in the cosmetic surgery market, largely because of the success of Fraxel, its brand of fractional laser technology treatment.

The acquisition required $23 million in stock shares, $25 million cash and must assume $7 million of Reliant’s debt.  Shares of Reliant stock have dropped since the deal was publicized in July.

With the effectiveness of Fraxel laser technology, Reliant has been a highly profitable company.  Fraxel treatments stimulate collagen growth and resurface skin by penetrating the outer dermis with ‘fractional’ microscopic laser columns.  The patient’s natural, bodily healing process then promotes skin rejuvenation and collagen growth.

Thermage is known for marketing a unique, non-invasive skin treatment that uses radiofrequency technology to heat and subsequently tighten skin.  The treatment is also said to improve superficial skin characteristics like texture and tone.

In Seattle, Dr. Stacy is one of the few cosmetic practices offering both Fraxel Repair and Thermage. Dr. Stacy has been a physician trainer for Thermage and provides highly effective combination treatments customized to each individual’s needs.