BIOLASE, Inc. (BIOL) Sells Last of WaterLase MD Turbo Laser Systems Repurchased from Schein
Leading global dental laser manufacturer and distributor BIOLASE announced that it has sold the last of 159 WaterLase MD Turbo laser systems the company repurchased from Henry Schein earlier this year. BIOLASE originally intended to use a portion of the purchased Schein inventory for parts to service its large installed base of MD Turbo laser systems. Due to high demand for the equipment, however, the company ultimately elected to sell all of the repurchased laser systems. Under a February 2012 agreement, BIOLASE repurchased the units from Schein at a very advantageous price, selling them throughout the last three quarters at…