Valeant Pharmaceuticals Acquires Solta Medical

Montreal, Canada-based Valeant Pharmaceuticals will acquire Hayward, Calif.-based Solta Medical at a total transaction value of about $250 million, according to a NASDAQ report.

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Valeant Pharmaceuticals agreed to purchase Solta Medical’s shares at $2.92 per cash share. The deal is expected to close in the first quarter of 2014.

Solta Medical develops energy-based aesthetic medical device systems. Its total revenue in 2012 was $145 million, according to the report.

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