Thermage Buying Reliant Technologies

My company is getting bought out by Thermage. It looks to be a great combination of two similarly-sized leaders in the aesthetics industry with complimentary products -- and may mark the beginning of more much-needed consolidation in our industry.

NEW YORK (Associated Press) - Thermage Inc., which makes an anti-aging skin tightening device, said Monday it will buy laser skin resurfacing company Reliant Technologies Inc. for $87.5 million in cash and stock in a move to boost sales opportunities in the U.S. and abroad.

Thermage will pay $25 million in cash and issue 23.6 million shares, valued at $62.5 million based on the company's closing stock price Thursday. Thermage also will assume $7 million in debt and provide $5 million of bridge financing to Mountain View, Calif.-based Reliant... (read the full article)

This doesn't mean I'll be making any money from the deal, but it's interesting nonetheless.