News | August 06, 2008

Emergent Group Acquires PhotMedex’s Surgical Services Division

August 7, 2008 - Emergent Group Inc, a provider of mobile medical lasers and surgical equipment, said its PRI Medical Technologies Inc. (PRI) subsidiary has entered an agreement to purchase the Surgical Services division of PhotoMedex, Inc. ("PHMD").

The PHMD division provides mobile laser services in 11 Northeast, Mid-Atlantic and Southeast states, serving 18 individual local markets expanding PRI’s geographic coverage to 16 states.

PRI intends to expand the PHMD division’s products available for sale by making PRI's full product line available to the division’s salespeople and customers. The transaction is anticipated to close on August 8, 2008.

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