Strata Skin Sciences Inc (SSKN)

[georgie18]

SSKN...$1.33...STRATA Skin Sciences Announces Acquisition of the U.S. Dermatology Business of Ra Medical Systems
Positions STRATA as the predominant provider of excimer laser treatments to address the $6 billion U.S. market for the treatment of chronic skin diseases
Delivers added long-term recurring revenue growth potential and prospective customer base
Increases competitive positioning with more than 400 U.S. dermatology practices
HORSHAM, Pa., Aug. 16, 2021 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (NASDAQ: SSKN), a medical technology company dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, today announced the acquisition of the U.S. dermatology business of Ra Medical.

The transaction immediately provides STRATA with the opportunity to market its full business solution to Ra Medical’s existing customer base of 400 dermatology practices, thus making way for STRATA to substantially increase its recurring revenue base in the future. It also provides a highly synergistic path to gain additional placements for STRATA’s XTRAC excimer laser system...