Optos is an innovative retinal imaging company with a vision to be recognised as the leading provider of retinal diagnostics. Optos designs, develops, manufactures and markets retinal imaging devices that create optomap images. Ophthalmic Technologies Incorporated was acquired by Optos in September 2011 from OPKO Health which acquired it in November 2007. Ophthalmic Technologies Inc. is dedicated to providing technologically advanced, easy-to-use equipment for ophthalmology. Offering innovative systems, with advanced imaging capabilities, OTI provides tools that meet the needs of ophthalmologists and surgeons worldwide. A new Optical Coherence Tomography system for the posterior segment was added to OTI's product line in 2005. OTI's head office is located in Toronto, Ontario, with its Research and Development branch office in Kingston, Ontario.
It's an exciting time for Optos. We've turned the company around and now have exciting growth prospects. There are a limited number of companies - mainly in Germany and Japan - working in the field of OCT...We wouldn't rule out either buying or licensing the technology but we won't be developing it from scratch.Roy Davis in Optos on the Hunt for OCT Technology.
“In addition, we will add an existing revenue stream with immediate cross selling synergies through Optos’ sizeable salesforce as well as future margin improvement through operational synergies. We believe these current and future products and business will make Optos a more robust player in the ophthalmology market...We are also delighted to have secured the support of Lloyds Bank Corporate Markets who have extended a $30m revolving credit facility to Optos to support this transaction and our operations going forward.Roy Davis in Proposed Acquisition of the OCT and ultrasound business and assets of OPKO Health, Inc.
We believe that the instrumentation business and OCT SLO technology have strong potential that will benefit greatly from the synergies provided as part of a large and successful ophthalmic focused instrumentation company; we have great confidence that our instrumentation business will grow and prosper as part of Optos.Phillip Frost in OPKO Announces Sale of Ophthalmic Instrumentation Business