Bausch Health Co. Inc. (BHC) Suspending IPO of Solta Medical

Bausch Health Companies Inc. (NYSE: BHC) announced an update on its previously stated plan to pursue an initial public offering (IPO) of its Solta Medical business ("Solta"). Solta is a leading global provider in medical aesthetics with innovative and effective skin rejuvenation and body contouring solutions, including the Thermage® RF systems, Fraxel® laser, Clear + Brilliant® laser and VASER® ultrasonic systems.

Solta attracted significant investor interest during the IPO process. However, in light of challenging market conditions and other factors, the Company is suspending its plans for the IPO of Solta. Bausch Health believes that the interests of the Company's stakeholders are best served in the near-term by focusing on driving Solta's revenue, profits and cash flow while also achieving key operational and regulatory milestones. For now, Solta will remain as part of Bausch Health and continue to contribute to the deleveraging of the Company's balance sheet. The Company will revisit alternative paths for Solta in the future.

"Solta is a valuable business with significant potential for market share gains and geographic expansion in the fast-growing medical aesthetics business," said Thomas J. Appio, chief executive officer, Bausch Health. "I look forward to working with the team to drive Solta's continued growth and innovation."

You May Also Be Interested In

• Entrata (ENT) files for proposed IPO
• SB Energy files for IPO amid data center power demand growth
• Deutsche Bank Starts SPIE SA (SPIE:FP) (SPIWF) at Buy