Ultralase Backed by Its Lenders [Edition 3]

Summary


LENDERS to Ultralase have approved an emergency recovery plan for the laser eye surgery clinic after it was seized from owner 3i and forced through a quick turnround pre-pack administration last month.

Insisting that the underlying business is still profitable despite the trauma, the firm's management has drawn up a three- pronged strategy - develop new technologies, offer a wider range of eye operations and expand further into the Irish market.

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Extract


Ultralase Backed by Its Lenders [Edition 3]

Ultralase was taken over by a consortium of bank...

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