Helionetics Inc.: The Irvine firm said Tuesday...

Helionetics Inc.: The Irvine firm said Tuesday that it will purchase a majority stake in a Florida company, pending approval of the U.S. Bankruptcy Court in the Central District of Florida. Helionetics intends to buy a 75% stake in Laser Photonics in Orlando for $1 million in cash and its 76% ownership of AccuLase Inc.

Laser Photonics, which declared bankruptcy last March, manufactures surgical lasers. Helionetics said it expects to receive approval from the Bankruptcy Court in April.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
64°