Candela makes strategic acquisition.WAYLAND, Mass.,--(BUSINESS WIRE)--July 1, 1996--Candela Corp. (Nasdaq:CLZR) announced today that it has acquired Spa Management Inc., d/b/a Le Pli at The Heritage, New England's premier day spa A day spa is a business establishment which people visit for personal care treatments such as massages and facials. It is similar to a beauty salon in that it is only visited for the duration of the treatment. , salon and health club, which is located at the prestigious Heritage On The Garden building in Boston's Back Bay. Gerard E. Puorro, president and ceo of Candela candela (kăndĕ`lə), in weights and measures: see candle. A unit of measurement of the intensity of light. Part of the SI system of measurement, one candela (cd) is the monochromatic radiation of 540THz with a radiant intensity Corporation, stated, "This acquisition is a crucial step in our strategic plan to place Candela on the cutting edge of the medical laser and beauty industries. We now add Le Pli's management systems and quality services to our technological expertise in the cosmetic laser industry and offer one-stop beauty care that combines spa and salon services with cosmetic laser procedures." Former owner of Spa Management Inc., Francis X. Acunzo, has joined Candela Skin Care Centers Inc. (a wholly-owned subsidiary of Candela Corporation) as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Acunzo has over 15 years experience in the management of luxury resorts, destination spas A destination spa is a business establishment which people visit for personal health, life enhancement, fitness, personal care treatments such as massages, facials, in a resort setting. and day spas. Acunzo stated, "I am excited about being able to combine our spa concept with cosmetic laser treatments which will allow us to penetrate a worldwide marketplace, using the prestige and technical experience of Candela." Le Pli which generates approximately $2 million in annual revenue, has been the recipient of numerous accolades from consumer and trade publications including Vogue, Harpers, Town and Country, and Boston Magazine Boston (almost invariably called "Boston magazine" and often incorrectly written as "Boston Magazine") is a glossy monthly magazine concerning life in the Greater Boston area and has been in publication for more than 40 years. . In addition to the already existing 11,000 square feet that Le Pli currently occupies, Candela, through its skin care center subsidiary, will add 2,500 more square feet to build the cosmetic laser center. A January 1997 opening for the center is expected, at which time the entire facility will be renamed CANDELA. No terms on the acquisition were announced. After the grand re-opening in January, the new laser center will offer treatments from the most advanced lasers. The procedures will be performed on skin conditions such as wrinkles wrinkles See bells and whistles. , facial spider veins, scars, freckles freckles Ephilides Brown macules, often exacerbated on sun-exposed zones of the skin surface, which disappear during the winter, and most commonly affecting the fair-skinned, especially of Celtic stock. See Macule. Cf Nevus. , leg veins as well as other cosmetic skin problems. The spa and health club will continue to offer the highest quality salon services, massage, skin care, personal training and health club memberships. CONTACT: Candela Laser Corp. Richard J. Olsen, 508-358-7400 x224 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion