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Syneron buys UltraShape. Smith & Nephew settles foreign bribery charges. Hospitals settle kyphoplasty allegations. More news briefs.

Aesthetic device maker Syneron Medical Ltd. will gain focused ultrasound fat lipolysis products through its purchase of UltraShape Ltd. for $12 million under a definitive agreement announced Feb. 8. UltraShape’s Contour I V3, available overseas, uses Vertical Dynamic Focus pulsed (non-thermal) focused ultrasound to destroy fat cells, “providing patients a convenient, noninvasive, no-downtime solution to reduce localized fat deposits and body circumference,” Syneron explains. Syneron’s current “leadership position in the body shaping market, which is based on [radiofrequency] induced thermal injury, when complemented by [UltraShape’s] unique fat selective technology, gives physicians a comprehensive body sculpting solution,” said Syneron Chairman Shimon Eckhouse. Israel-based Syneron, which offers a range of aesthetic devices for body contouring, hair removal, wrinkle reduction and skin rejuvenation, expects the deal to close by March 31.

Orthopedic device maker Smith & Nephew PLC will pay $22.2 million to settle foreign bribery charges under agreements announced Feb. 6 with the U.S. Department of Justice and the...

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