Healthcare Equipment and Supplies
Company Overview of Radiancy, Inc
Radiancy, Inc. develops, manufactures, and sells home-use and professional aesthetic and dermatological devices. It offers light-based light and heat energy systems. The company’s solutions are used for applications in the area of skin rejuvenation and tightening, acne clearance, hair removal, psoriasis care, acne treatment, intelligent phototherapy, collagen renewal, vascular and pigmented lesion treatment, wrinkle reduction, collagen renewal, soften fine lines, homogenize skin tone, pore size decrease, and skin texture improvement, as well as for the enhancement of the absorption of creams and lotions. It serves physician clinics, salons, spas, and hairdressers. The company was founded in ...
40 Ramland Road South
Orangeburg, NY 10962
Founded in 1998
Key Executives for Radiancy, Inc
Financial Manager of Radiancy
Compensation as of Fiscal Year 2013.
Radiancy, Inc Key Developments
Radiancy, Inc Enters into Credit Agreement with JP Morgan Chase Bank, N.A. for $15 Million Line of Credit
Dec 31 13
On December 27, 2013, Radiancy Inc. entered into a Credit Agreement with JP Morgan Chase Bank, N.A. providing for a $15 million line of credit by the Bank to Radiancy. The company and another subsidiary, PhotoMedex Technology Inc., are also parties to the Agreement. The corporate group maintains other banking relationships with the Bank and/or its affiliates. Under the line of credit, Radiancy may borrow, repay and/or re-borrow funds up to the maximum limit until the maturity date of December 26, 2014, and may repay those funds, in whole or in part, at any time. The unpaid principal balance will be repayable at the maturity date. Funds borrowed bear interest at a rate per annum set by either the CB Floating or LIBO Rates; the interest payment date is the last day of either the month or the interest period, depending upon the applicable interest rate. Radiancy's obligations under the Agreement are guaranteed by the Company and PhotoMedex Technology Inc. The Agreement contains the customary representations, warranties and covenants.
Radiancy, Inc. and Ya-Man Ltd. Terminates Distribution Agreement in Japan
Dec 6 13
PhotoMedex Inc. announced the termination of the distribution agreement between its wholly-owned subsidiary Radiancy Inc. and Ya-Man Ltd. for the Japanese market due to, among other things, disputed marketing expenses of approximately $1 million and the failure of Ya-Man to meet its minimum purchase obligations under the agreement. Both parties have determined that it is in their respective best interests to terminate the distribution arrangement following Ya-Man's disappointing sales results with the company in the last quarter. Radiancy is actively seeking a new partner for the Japanese markets, while Ya-Man has indicated that they will continue to market and sell its inventory of the Company's products in Japan in accordance with the terms of the parties' agreement.
Radiancy, Inc. Announces Settlement of All Litigation with TRIA Beauty, Inc
Jul 3 12
PhotoMedex, Inc. announced that Radiancy, Inc. has entered into a settlement agreement resulting in the settlement and dismissal with prejudice of all pending litigation matters between Radiancy and TRIA Beauty, Inc. The settled actions include: TRIA Beauty, Inc. v. Radiancy, Inc. Case No. CV-10-5030 (RS) (NJV) United States District Court for the Northern District of California; and Radiancy, Inc. v. TRIA Beauty, Inc. Index No. 650025/2011 Supreme Court of the State of New York.
Similar Private Companies By Industry
Recent Private Companies Transactions