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BUSINESS
July 17, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Imagyn Medical Inc., the medical devices firm set to be acquired by Costa Mesa-based Urohealth Inc., received a higher offer Wednesday from giant U.S. Surgical Corp. Imagyn, which makes devices for minimally invasive surgery, said it's calling a meeting of its board to consider the $57.5-million offer--a cash or stock deal about 20% higher than Urohealth's all-stock bid.
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BUSINESS
July 19, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Urohealth Systems Inc. on Friday sweetened by 35% its deal to buy Imagyn Medical Inc. for stock, and the boards of the two Orange County medical device companies endorsed the revised terms. Imagyn, a Laguna Niguel company whose low stock price and innovative instruments for gynecological surgery make it an attractive target, also said it rejected the unsolicited offer received earlier this week from giant U.S. Surgical Corp. The Norwalk, Conn.-based company said it won't increase its offer.
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BUSINESS
July 19, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Urohealth Systems Inc. on Friday sweetened by 35% its deal to buy Imagyn Medical Inc. for stock, and the boards of the two Orange County medical device companies endorsed the revised terms. Imagyn, a Laguna Niguel company whose low stock price and innovative instruments for gynecological surgery make it an attractive target, also said it rejected the unsolicited offer received earlier this week from giant U.S. Surgical Corp. The Norwalk, Conn.-based company said it won't increase its offer.
BUSINESS
July 17, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Imagyn Medical Inc., the medical devices firm set to be acquired by Costa Mesa-based Urohealth Inc., received a higher offer Wednesday from giant U.S. Surgical Corp. Imagyn, which makes devices for minimally invasive surgery, said it's calling a meeting of its board to consider the $57.5-million offer--a cash or stock deal about 20% higher than Urohealth's all-stock bid.
BUSINESS
February 6, 1997
Urohealth Systems Inc. said Wednesday it has signed an agreement to acquire X-Cardia Inc., a privately held medical device company in San Francisco, for an undisclosed amount of cash and stock. Urohealth Systems of Newport Beach designs and manufactures urological, gynecological and general surgery medical products.
BUSINESS
November 24, 1996
Medical devices maker Urohealth Systems Inc. said Friday it is switching its stock listing to the Nasdaq National Market from the American Stock Exchange. Urohealth shares are scheduled to begin trading on the Nasdaq market on Tuesday under the symbol UROH.
BUSINESS
November 14, 1996
Urohealth Systems Inc. said Wednesday that it has begun offering 2.5 million shares of common stock to the public at a price of $8 per share. Proceeds from the sale will be used to reduce debt and for general corporate purposes. Urohealth manufactures and markets urological and gynecological medical devices.
BUSINESS
March 27, 1996
International Remote Imaging Systems Inc. said it completed its purchase of a line of urinalysis products from Irvine-based UroHealth Systems Inc. International Remote, a Chatsworth maker of urinalysis workstations, said it paid $788,000 in cash for the line and assumed $62,000 in liabilities. The products include a microscopic examination system, a collection cup and other items.
BUSINESS
June 12, 1996
Urohealth Systems Inc.'s board authorized the redemption of the remaining 203,000 series A preferred shares issued by Urohealth's Davstar Inc. unit. In a press release, Urohealth said the stock will be redeemed at $5 a share, plus a 25-cent premium and accrued interest for a total of $6.20 a share. The shares were issued by the company's previous management when Urohealth was known as Davstar Industries Ltd.
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