Syneron Medical sets up Chinese joint venture

By Associated Press
November 19, 2008 | Comments (0)

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Skin treatment device maker Syneron Medical Ltd. said Wednesday it inked a joint venture deal with partner EverCare Medical Group to expand its footprint in China.

EverCare, which owns a chain of aesthetic hospitals, has been Syneron's distributor in China for two years. The companies formed Syneron China.

Financial details of the deal were not disclosed.

Shares of Israel-based Syneron rose 15 cents to $7.72 in morning trading.

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