Optimax snaps up Ultralase

Laser surgery provider Optimax has bought rival company Ultralase for an undisclosed sum following months of negotiations and both are now held in the Ultralase Optimax Group.

This follows a report in The Daily Mail (01.12.12) where Optimax founder Russell Ambrose expressed an interest in purchasing Ultralase. The report stated that 'troubled Ultralase was put up for sale earlier in this year by its bank owners, headed by RBS and Barclays, just two years after a pre-pack administration saw the lenders take control of the private equity-owned company'.

The laser surgery market was estimated to have fallen by 40 per cent since the recession, while Ambrose said that a price war was taking place, with people haggling to get even lower prices.