Merz to Acquire Medical Device Company Ulthera for Up to $600 Million

Merz North America Inc. and Ulthera Inc. June 26 announced that they have entered a definitive merger agreement under which Merz will acquire Ulthera for up to $600 million in upfront cash and milestone payments.

Founded in 2004, Mesa, Ariz.-based Ulthera is a leader in nonsurgical lifting and tightening treatments. Using therapeutic ultrasound technology, the Ulthera System is the first and only ultrasound platform device to receive Food and Drug Administration clearance for lifting skin on the eyebrow, the neck and under the chin, the companies said. Ulthera expects sales of more than $100 million in 2014.

“The aesthetic lift ...