Contact Lenses Manufacturer Eyes Bausch & Lomb

On the heels of the May 16 announcement that eye products manufacturer Bausch & Lomb had agreed to be bought by private equity firm Warburg Pincus for $3.67 billion in cash comes news that another potential buyer is interested in the company--this time a competitor. Advanced Medical Optics Inc., a Santa Ana, Calif.-based manufacturer of contact lenses and cleaner as well as other medical devices for the eye, is now exploring a bid, which, if offered, could set up a buyout contest with Warburg.

"We believe it is only logical to explore this opportunity given the highly complementary nature of our two businesses," Advanced Medical said yesterday in a statement, adding that it wants to offer a full range of vision-care products for people of all ages. In April, the company acquired IntraLase Corp. of Irvine, Calif., which added a laser device used in vision-correction procedures to its holdings.

Warburg stands to get a $40 million breakup fee if Bausch & Lomb accepts another offer, according to their agreement nine days ago.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Analyze Incident Data

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common training questions.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - March 2019

    March 2019

    Featuring:

    • HEARING PROTECTION
      Not Your Grandpa's Ear Muffs 
    • FALL PROTECTION
      Far Too Many Fatal Falls
    • DRUG TESTING
      Marijuana in the Workplace
    • FALL PREVENTION
      Ladder Safety Tips
    View This Issue