Urohealth Systems Inc.: The Costa Mesa urological...

Urohealth Systems Inc.: The Costa Mesa urological products manufacturer said Monday that it has agreed to buy Osbon Medical Systems Ltd., a privately held health care products company, for about $60 million in stock. Urohealth, formerly Davstar Ltd., will issue 15 million shares in stock to purchase Osbon Medical of Augusta, Ga. The deal is Urohealth’s fourth acquisition since Charles A. Laverty took over as chief executive a year ago. Osbon Medical, founded in 1974, specializes in products for the non-surgical treatment of impotence. Urohealth’s stock closed Monday at $4, up 87.5 cents, in trading on the American Stock Exchange.