Yorba-Linda Based Steri-Oss Sold to Executives and Fund
YORBA LINDA —
Bausch & Lomb said Monday that it has completed its sale of Yorba Linda-based Steri-Oss, a maker of dental implants, to top Steri-Oss executives and a private investment fund.
The Finisterre Fund of New York, which invests in health-care businesses, now controls a majority stake in Steri-Oss, but the company will continue to be run by its local management team.
Eye care company Bausch & Lomb, which is based in Rochester, N.Y., said it will record a fourth-quarter after-tax gain of $8.5 million, or 15 cents per share, on the sale. Additional financial details were not disclosed.
