Allergan Inc. (AGN) Announces Completion of SkinMedica, Inc. Acquisition
12/19/2012 9:46:53 AM
IRVINE, Calif.--(BUSINESS WIRE)--Allergan, Inc. (NYSE:AGN) today announced that it has completed the acquisition of SkinMedica, Inc. Under the terms of the agreement, which was first announced on November 16, 2012, Allergan paid approximately $350 million (subject to certain adjustments) for the business, which includes a variety of "physician dispensed" non-prescription aesthetic skin care products and prescription products. In connection with the closing of the transaction, SkinMedica spun out its Colorescience aesthetic make-up business. Allergan plans to operate SkinMedica as a separate global business based out of SkinMedica’s current headquarters in Carlsbad, CA.