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Lumenis Completes $15 Million Equity Financing From New and Existing Investors
Date:6/30/2009

YOKNEAM, Israel, June 30 /PRNewswire/ -- Lumenis(R) Ltd. ("Lumenis" or the "Company"), a global developer, manufacturer and seller of laser, light-based and radio-frequency devices for surgical, aesthetic and ophthalmic applications, announced today that it has completed an equity financing in which a new investor, Agate Medical Investments LP, together with two existing significant shareholders LM Partners L.P. and Ofer Hi-Tech Group, have invested $15 million in the Company. In addition, the Company completed a restructuring of its bank debt allowing for a convenient loan repayment plan spread over 8 years until 2017.

"We are delighted that we were able to raise new capital despite the current, challenging global economic environment," said Lumenis' Chief Executive Officer, Dov Ofer. "This will enable freeing of Lumenis' cash resources for expanding its business, and improving the Company's overall balance sheet."

"The participation of Agate Medical Investments LP for an amount of $5 million, signals an external vote of confidence in Lumenis, and brings to the company extensive knowledge and experience in the Medtech industry. Lumenis is now positioned for growth, and these additional cash resources will facilitate our investment in the future of our business, including potential strategic investments, acquisitions and other initiatives enabling us to maintain and enhance our leading industry position in all the markets in which we serve," added Mr. Ofer.

About Lumenis

Lumenis Ltd., a global developer, manufacturer and seller of laser, light-based and radio frequency devices for surgical aesthetic and ophthalmic applications, is Israel's largest medical device company with more than 700 employees worldwide. The Company invests heavily in R&D and is an industry leader in the markets in which it serves. Lumenis has over 250 patents worldwide, over 75 FDA clearances, worldwide
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SOURCE Lumenis Ltd.
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