Escalon Medical (NASDAQ:ESMC) sells medical devices and pharmaceuticals used in the area of ophthalmology through three business segments. Sonomed sells ultrasound systems used for diagnosis or biometric applications. Trek sells surgical products. EMI sells digital camera and image management systems.
Laser-like focus on ophthalmology
The growth through acquisitions strategy has been abandoned as five of the six acquired businesses since 1997 have been sold. More recently, in October 2012 ESMC sold its clinical diagnostics business for $6.5 million (and eliminated all of its debt) and in May 2010 sold its vascular access product line for $5.75 million. In August 2013, it moved into a new corporate office about half the size of the previous one....
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