Business

Mass. Movers

Cynosure plans to acquire Palomar

Cynosure and Palomar make a variety of cosmetic treatment systems, including for removing tattoos.

Billings Gazette via AP

Cynosure and Palomar make a variety of cosmetic treatment systems, including for removing tattoos.

Advertisement

Cynosure Inc. of Westford is buying Palomar Medical Technologies Inc. of Burlington in a $294 million cash-and-stock deal. Cynosure said it gains complementary products, a stronger distribution network, new cross-selling opportunities, and 40 patents. Michael Davin, Cynosure’s chief executive, will be chairman and CEO; Palomar chairman and CEO Joseph Caruso will be vice chairman and president. The deal still needs shareholder approvals. ­Cynosure will relocate to Burlington. Its stock fell 4.75 percent.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com