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In Search of Healthcare Diamonds in the Rough

Quarterly revenues at Cynosure, a developer of laser-based aesthetic systems, grew 30% year-over-year, from $30.1 million in Q2 2007 to $39.2 million in the most recent quarter.

The results were in line with the Street’s expectations. Analysts predicted revenues of $38.48 million, according to Reuters estimates.

As the credit crunch continues, many companies supplying high-end, expensive medical equipment and machines have been hit hard on reduced earnings.<!----> Hospitals are finding it harder to borrow money for large purchases, especially on machines. It has become harder to justify spending a large sum of money (often in excess of a million dollars) on machines that, regardless of their medical advantage over older or traditional equipment, have not proven their economic viability.